IRS

Total 22 Posts

Is a U.S. Estate Tax Return Due?

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So you’ve taken on the role of executor of your dear friend, Sally’s estate. It just so happened that Sally owned a vacation property in the United States. You’ve come across a couple of blogs in the last few weeks that suggest her estate may owe some taxes to the IRS. You have no idea whether this is true and what you may need to do. You decide to keep reading these blogs to see if they’ll help you…..

Is a U.S. Estate Tax Return Due? Continue Reading »

Estate Administration, IRS, United States, US Taxes

So you think you can Avoid ‘Uncle Sam’ part II…

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So you are a Canadian citizen and resident, surely ‘Uncle Sam’ has no right to your Estate on your death. Unfortunately ‘Uncle Sam’s’ arm – his estate tax arm that is – can reach across the border to impose taxes on the Estate of a non-resident/non-citizen of the United States…..

So you think you can Avoid ‘Uncle Sam’ part II… Continue Reading »

Canadian and US Tax Treaty, Estate Administration, IRS, United States, US Taxes

So you think you can avoid Uncle Sam…

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So you reside in Canada but you’re a U.S. citizen, surely ‘Uncle Sam’ has no right to your Estate on your death. Unfortunately, regardless of whether a U.S. citizen resides in the United States, U.S. citizens are subject to U.S estate taxes when the pass away based on the value of their worldwide estate. A credit is available which does alleviate some of the tax burden by exempting a certain amount from the U.S. estate tax net…..

So you think you can avoid Uncle Sam… Continue Reading »

Estate Administration, IRS, U.S. Citizen, United States
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