KWB Blog

The latest financial news and accounting tips from KWB.

Jan 8 2019
US Tax Filing

Are you a US citizen? Do you spend more than 120 days per year in the US? If so you may be required to file a US personal tax return.

Aug 7 2018
Form T1135 Foreign Income

Form T1135 Foreign Income Verification Statement must be filed if you, your corporation, trust or partnership, owned or held foreign property with a cost amount of more than $100,000 at any time in the year even if some or all of the property was sold before the year of the year. The form is used […]

Nov 4 2014
FACTA Bank Reporting Requirements

Beginning in July of 2014, Canadian financial institutions will be required to start gathering and reporting information on accounts held by U.S. residents and U.S. citizens, including those who are resident of Canada. The account information will be collected and reported to the Canada Revenue Agency (CRA), who will then transfer the information to the […]