How Canadian Employers of US Citizens Can Reduce their US Tax Liability.

Autor: Turner, Candice M.
Předmět:
Zdroj: Benefits & Compensation International. Mar2011, Vol. 40 Issue 7, p11-17. 5p.
Abstrakt: The article discusses U.S. tax rules that Canadian employers of U.S. citizens should know to avoid negative consequences. It cites Section 409A where a Canadian company's lack of awareness of U.S. tax rules can increase the U.S. tax burden on its employees. It mentions the Report of Foreign Bank and Financial Accounts or FBAR as a tool of the U.S. government to enforce disclosure and penalize U.S. persons with undisclosed foreign assets. It indicates that an employer is subject to penalties failure to pay any tax to be withheld under U.S. tax law.
Databáze: Regional Business News