Cross Border Tax Accountants

US Canada Tax Accountants & Preparing Cross Border Taxes

Finding a Cross Border Tax Accountant can be a challenge. They are in short supply and they are often are at or above capacity. The required This skill set is also unique as it requires a strong understanding of US taxes  (preferably with US tax credentials), together with a strong understanding of the Canadian Income Tax Act, and the US-Canada Tax Treaty. To learn more about the complexities and nuances related to cross border taxes click here. To learn more about the profile of our typical cross border tax client click here

US Tax Accountant

Tax Accountants in the US & Canada

Most US Tax Accountants living in the US focus on their local domestic practices, with the majority of their clients being US based. This results in the scope of their work not overlapping into the world of foreign account activity and reporting. Situations like understanding how and when to complete FBAR reporting are often areas where US practitioners have limited experience. Failure to correctly file these forms (and a very large range of other foreign reporting forms) can result in significant penalties and consequences.

Tax accountants living in Canada are usually Canadian trained with limited or no exposure to US taxes. You want to make sure you ask and understand what qualifies them as a US tax accountant and whether they can explain at a conceptual level what the US-Canada Tax Treaty is about. If they don’t have US tax credentials, they may not have the knowledge and experience to provide you with the assistance you need.

US Tax Accountant Our team

Our Team

Richard Markman, the owner and key operations person at US Taxes Toronto, lived in the United States for nearly 20 years. He is a US Certified Public Accountant in the State of California. He also holds an active CPA license in the Province of Ontario, Canada. Our business focus is on cross border taxes and so we also have a comprehensive understanding of how and when to apply the US-Canada Tax Treaty. Richard’s first-hand experience makes him a very strong cross border tax accountant who can assist with cross border tax situations and filings.

How Can US Taxes Toronto Help?

We can assist with the preparation of your US and Canadian Tax Filings. Our Cross Border Tax Accountants provides hands on ongoing support throughout this process, so that preparing and completing your tax filing is convenient and easy. If you would like to get more information on how we can help please reach out to us via our contact page.