On March 22, 2012 I had the privilege of speaking at the Eighth Annual International Estate Planning Institute in New York City. The conference was sponsored by the New York Bar Association and the Society of Trust and Estate Practitioners ("STEP") and is one of the best conferences on cross-border tax issues anywhere.
My general topic was US tax and reporting obligations for Canadian residents, in particular tax and reporting obligations under the Foreign Account Tax Compliance Act ("FATCA"), the Report of Foreign Bank and Financial Accounts ("FBAR") the Offshore Voluntary Compliance Initiative ("OVDI"). All of the presentations are available for download on the New York State Bar Association website.
Since the topic of US tax and FBAR reporting is so important to many of our clients we have made my seminar materials available on our website. The materials are practitioner-focused and as a result they are very detailed and cross-referenced with appropriate statutory and legal support.
Our firm Moodys LLP Tax Advisors has sponsored several presentations on the US tax and filing obligations for Americans residing in Canada. These presentations are less technical and cover additional topics including: FBAR, FATCA, renouncing citizenship, expatriation, and penalty reduction under "reasonable cause." We have recorded a recent presentation and made it available on our website.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
