U.S. Tax IQ

U.S. Tax IQ
U.S. Tax IQ
Legal Suppliers, Tax

U.S. Tax IQ is an Oakville-based U.S. tax consulting services firm that helps individuals and companies with a multitude of international cross-border tax matters.

U.S. Tax IQ, which has virtual offices in downtown Toronto, Washington, DC, and Irvine, California, offers American and international tax, cross-border tax consulting, planning, compliance, and preparation services.

One of its focus areas is professional athletes and entertainers. The firm works with NHL, MLS and NBA players and coaches, UFC fighters, musicians and artists as well as offers corporate and personal tax planning, mergers and acquisitions, due diligence, transfer pricing, controversy, and real estate.

The firm maintains memberships with several professional organizations including the taxation sections of the American Bar Association and the New York State Bar Association.

The AdvocateDaily.com sources for U.S. Tax IQ are U.S. tax accountant Brandon Vucen and U.S. tax attorney Alexey Manasuev.

U.S. Tax IQ In The News
Preparation for an IRS audit starts at tax filing time

U.S. taxpayers living in Canada may be audited by the IRS at any time and for a number of reasons — but the best time to start preparing for the audit process is not when the notification arrives, but when the original tax return is filed, Oakville-based U.S. tax attorney (NY, DC)  Alexey Manasuev  tells  AdvocateDaily.com . Read more

Qualified tax adviser a key partner for U.S. taxpayers in Canada

While U.S. taxpayers living in Canada might be tempted to hire any preparer to file their tax return south of the border, a qualified U.S. tax adviser can help them navigate this complex and constantly evolving landscape and ensure their personal and business objectives are met, Oakville-based U.S. tax attorney (NY, DC)  Alexey Manasuev  tells  AdvocateDaily.com . Read more

Partnerships need to consider new U.S. tax representative role

With the recent introduction of new partnership audit rules that set out who can represent a business before the IRS on tax matters, now is the time for partnerships — both U.S. and foreign — to act proactively to ensure they comply with the strict requirements of the new role, U.S. tax attorney (NY, DC)  Alexey Manasuev  tells  AdvocateDaily.com . Read more

Be aware of continued impact of U.S. tax reform on 2018 returns

While U.S. tax reform had a significant impact on expats and shareholders of foreign corporations last year, it is critical for taxpayers to be aware of the ongoing relevance of these new provisions as they look ahead to their filing for 2018, Oakville-based U.S. tax attorney (NY, DC)  Alexey Manasuev  tells  AdvocateDaily.com . Read more

Decision to renounce U.S. citizenship should not be tax-based

For American citizens and Green card holders living in Canada, the overwhelming nature of complying with tax filing requirements may lead some to consider the step of renouncing their citizenship — but, as Oakville-based U.S. tax attorney (NY, DC)  Alexey Manasuev  tells  AdvocateDaily.com , this decision should not be based solely on tax concerns. Read more

IRS OVDP no more! Where do you go from here?

As announced earlier this year , the IRS closed its Offshore Voluntary Disclosure Program (OVDP) in September — a program that started back in 2009 and went through several iterations, with the most recent changes made in June 2014 , says Oakville-based U.S. tax attorney  Alexey Manasuev , a principal of   U.S. Tax IQ . Read more

Sales tax ruling means new compliance burden for online retailers

A recent U.S. Supreme Court ruling that South Dakota can impose sales tax on online purchases even if a business isn't physically based in the state, will bring new compliance requirements for some Canadian online retailers, U.S. tax accountant Brandon Vucen tells  AdvocateDaily.com .  Read more

The IRS is ending OVDP in Sept. 2018 — here are four alternatives

By Alexey Manasuev . In March 2018, the IRS made an announcement of titanic proportions. It will be ending the  Offshore Voluntary Disclosure Program (OVDP)  effective from September 2018. This announcement pertaining to the IRS ending OVDP, a program that was first introduced in 2009 and has undergone several subsequent revisions, has taxpayers scrambling to disclose their unreported overseas financial accounts and assets, given the extremely short deadline. The program was launched in a bid to put a damper on the rampant tax evasion activities connected with non-U.S. assets held by U.S. taxpayers. Read more

Transition tax places 'further burden' on U.S. taxpayers

The 2017 U.S. tax reform imposed a one-time transition tax on earnings of certain foreign corporations — and, for affected U.S. individuals who own shares in these entities, it is critical to determine whether the new tax applies, and comply on a timely basis, U.S. tax accountant Brandon Vucen tells AdvocateDaily.com . Read more

Taxpayers likely face less favourable options after U.S. OVDP closes

The U.S. Internal Revenue Service (IRS) is closing a program later this year that allowed certain taxpayers to come forward to report undisclosed offshore income — which will likely leave those who wish to become compliant with less advantageous options, Oakville-based U.S. tax attorney  Alexey Manasuev tells AdvocateDaily.com . Read more

FATCA: U.S citizens living in Canada – financial asset reporting

By Alexey Manasuev . Part III: Asset value threshold for FATCA reporting Read more

Address tax concerns early when owning, investing in U.S. real property

Thousands of Canadians own and invest in U.S. real property, but the issues one couple recently faced when selling their vacation home serve as a cautionary tale on the importance of structuring your investment properly and speaking to a qualified U.S. tax advisor, says Oakville-based U.S. tax attorney  Alexey Manasuev . Read more

New U.S. tax law could have substantial impact on Canadians

The U.S. tax reform could have a significant impact on both Canadian companies and individuals looking to conduct business south of the border, U.S. tax accountant  Brandon Vucen  tells  AdvocateDaily.com . Read more

U.S. Tax IQ webinar on Tax Cuts and Jobs Act

U.S. tax accountant  Brandon Vucen  and U.S. tax attorney Alexey Manasuev are hosting a free webinar to address key provisions of the Tax Cuts and Jobs Act and explain how the new U.S. tax law will affect you and your business.  Read more

Proactive tax planning a must for athletes on both sides of the Canada-U.S. border

Professional athletes plying their trade in both the United States and Canada need to get an early start on maximizing the tax efficiency of their affairs, says Oakville-based U.S. tax attorney  Alexey Manasuev . Read more

Lawyer Directory
CosmoLexHexigent Consulting (to remain until August 31/19)DivorcemateFeldstein Family Law (post until May 31/19)Legal Print & Copy Inc.Kotak Personal Injury LawyersLawrence ForstnerAnton Katz (post until June 30/19)Nathens Siegel