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Question

Hi Phil

I got your contact info from a friend in Calgary. He said you helped him sort out his late US tax problems and I think I need the same type of help. Here is my situation in a nutshell.

  • I lived in the US for 20 years and moved to Canada 5 years ago
  • Last time I filed US tax returns was 5 years ago
  • I don’t have any US income
  • Total Canadian income is around $85,000 and some smaller amounts of investment income
  • Married with 3 kids

Am I eligible to enter the new offshore disclosure program? I really want to get this mess cleaned up soon as we will be traveling to the US to visit family by the end of the year and I’ve heard they will be asking questions at the border.

Any help would be appreciated.

XXXXXX

Answer

Hi XXXX

Thanks for the email. From the information you provided above it looks as though (would need to review your situation in more detail to be sure) you are eligible for the IRS’s streamlined tax filing program. This program allows you to file 3 years of late 1040 return in addition to 6 years of FBAR forms (foreign bank account reporting forms) and any other compliance forms required.

The eligibility requirements will depend of a list of factors, therefore it would be prudent to review your situation to ensure you’re eligible.

Please give me a call to discuss at your convenience. You can reach me in the office at 250-381-2400.

Cheers

Phil

Phil Hogan

Phil Hogan is a Canadian and US CPA working with clients throughout Canada and the US. Phil advises on cross border tax and financial planning matters. Phil can be reached at phil@hutcheson.ca or via telephone at 250-661-9417. You can also read more about Phil at Hutcheson.ca/phil.
Phil Hogan

2 Responses to “Late US Tax Returns – Live in Alberta”

  1. Brothers says:

    Hi Phil

    My brother and I were both born in the US and need to desperately catch up our US tax filings.

    We own a consulting business and will be traveling down to the US for a big chunk of 2015 and don’t want to get hassled at the border.

    We both still have US passports and social security numbers.

    I see you’re in victoria BC. We’re in Calgary, can we do everything remotely or would we have to travel to Victoria?

    thanks

    James

    • Phil Hogan Phil Hogan, CA says:

      Hi James

      Yes, I can definitely help. The new IRS streamlined program should be a good fit for your situation.

      Very easy to work remotely to prepare these returns, I have lots of clients in Calgary.

      Please give me a call at the office at 250-381-2400 and we can discuss how to get started.

      Cheers

      Phil

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Philip Hogan

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The information contained in this article is for general use only and should not be viewed as professional advice. Accounting and tax rules and regulations regularly change and individuals should contact a competent professional to obtain accounting and tax advice based on their specific situation.

Phil Hogan

Phil Hogan is a Canadian and US CPA working with clients throughout Canada and the US. Phil advises on cross border tax and financial planning matters. Phil can be reached at phil@hutcheson.ca or via telephone at 250-661-9417. You can also read more about Phil at Hutcheson.ca/phil.
Phil Hogan

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