Tax & Accounting Blog

Reading Time: 3 minutesHello, I’m Mohammad Akif with Akif CPA. As a Texas CPA and a Chartered Accountant in Ontario, I frequently assist Canadians navigating U.S. tax requirements. One of the most complex areas for Canadians moving to the U.S. is understanding how to report their Canadian assets on a U.S. tax return. In this post, I’ll share essential insights and a crucial first-year tax filing tip to help you avoid costly mistakes.

Reading Time: 2 minutesMany Canadians who move to the U.S. wonder if they can file a tax return with their spouse. The answer depends on multiple factors, including residency status, tax forms used, and whether the spouse has a U.S. Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN). Let’s break it down.

Reading Time: 2 minuteshen it comes to tax-advantaged retirement savings, the Roth IRA is a popular choice due to its tax-free growth and withdrawals. But what happens if your income is earned outside the United States? Can you still contribute to a Roth IRA? The answer depends on how you report your foreign income to the IRS.