Situation: An estate planning client had incomplete foreign corporation filings and an unaddressed transition tax obligation going back several years, creating extended tax and penalty exposure. Solution: Our team completed the required forms and prepared the transition tax calculations and disclosures. Impact: Our expertise reduced the client’s current tax liability by more than $100,000 and […]
Situation: A business owner with companies in Canada and the United States planned to move permanently to the United States. Solution: Our team partnered with the client’s Canadian advisor to restructure entity holdings for U.S. residency and address Canadian exit tax within the business owner’s succession plan. Impact: The client deferred approximately $120,000 in exit […]
Situation: A Canadian manufacturer with a history of remote U.S. sales established a U.S. subsidiary and needed to address its federal and state tax position. Solution: Our team evaluated the company’s U.S. tax presence, redirected sales through the U.S. entity where appropriate, and completed voluntary disclosures or obtained exemption certificates. Impact: The manufacturer reduced compliance […]