State tax and American expatriates

State tax and American expatriates

Should I file a state tax income if I live abroad? If you are a US citizen or permanent resident living abroad, you not only have to make sure to file a tax return with the IRS each year if you meet the minimum income requirements, you may also have to file a state...
Santa Taxation

Santa Taxation

Merry Christmas everyone. So, now the topic that all the good boys and girls were waiting for: Santa Taxation. * Is that thing that you found under the Christmas tree taxable income? This reminds us of the court case of Cesarini v. United States: taxpayer found cash...
Understand the US taxation of RRSPs and RRIFs

Understand the US taxation of RRSPs and RRIFs

The US tax system is a Citizenship Based Taxation, meaning that US citizens (and permanent residents) are taxed on their worldwide income wherever they live. By default, income earned in an investment account would be taxed. For instance, income realized within the...