US Tax Services

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There has been a significant increase in the number of Canadian’s purchasing investment properties in the U.S. But investors do little to no tax planning before investing in U.S. properties. What needs to be filed, with whom and by when? Not knowing the answers can be costly, leading to missed deductions or a 30% withholding tax. Our experts can help you file your Us rental income tax and structure the purchase to minimize your tax liability. Speaking with one of our U.S tax experts before purchasing U.S. investment property is one of the best decisions you can make.
Our experts can:

– Help you understand tax requirements from both Canadian and U.S. perspectives
– Guide you through Streamlined Foreign Offshore Procedures
– Advise on Canadian registered accounts such as RRSPs and RRIFs
– Assist with the Offshore Voluntary Disclosure Program (OVDP)
– Assist with obtaining Individual Taxpayer Identification Numbers (ITIN) and FBAR reporting for Canadians living or working in the U.S.

Our experts assist U.S. expats with tax preparation and filing. If you are an American citizen living abroad, we can help you prepare and file your U.S. tax returns. Since 1999, we have provided U.S. and Canadian cross-border tax services to clients in nearly every country. Our tax professionals have experience with leading accounting firms (Ernest and Yong, KPMG, BDO) and maintain the same high standards. Our fees are highly competitive, even compared to less qualified and understaffed tax services. We offer support with Canada-US tax issues, including:

– U.S. Expatriate Tax Planning & Tax Return Preparation

– Streamlined Foreign Offshore Procedures

– Canadian Registered Accounts (RRSP/RRIF/etc.)

– Offshore Voluntary Disclosure Program (OVDP)

– Obtaining Individual Taxpayer Identification Number (ITIN)

– FBAR – Reporting foreign bank and financial accounts for Canadians living or working in the United States

If you conduct business in the U.S., you may need to file U.S. corporate tax or information returns, even if your activities are limited. Non-compliance can result in significant penalties. Foreign companies with U.S. income are subject to tax rates of up to 30%, including income from U.S. business activities, dividends, interest, or royalties.

If your company operates in the U.S. or receives U.S. income, you have specific tax obligations and must file a U.S. tax return to report income and claim any eligible tax refunds.

Our Services:

• International tax reporting and compliance
•  International tax dispute resolution
• International asset planning

Ajax Accounting Services can help you file required forms and claim any tax treaty benefits or U.S. tax refunds for which you qualify.

We assist Canadians in recovering casino withholding tax from the United States. The IRS requires casinos and other gaming establishments to withhold 30% of gambling winnings from international visitors.

Under the U.S.-Canada Tax Treaty, Canadians may recover all or a significant portion of their casino withholding tax. The refund process involves two main steps:

1. Obtain an ITIN Number
2. Preparing a 1040NR Return

You may also claim U.S. gambling losses on your 1040NR return. This allows you to deduct losses from winnings and receive a refund of the tax withheld. To claim, you must be a U.S. non-resident and have received Form 1042-S or Form W-2G from the gambling establishments. The IRS requires records to support your losses, such as receipts, tickets, or statements showing both winnings and losses. Keep detailed records of the date, location, type of gambling activity, and amounts won or lost. These records are not submitted with your tax return but must be available if requested by the IRS.

We make recovering casino withholding tax straightforward and risk-free. If you do not receive your refund, there is no fee. Our pricing is fixed and comprehensive.