New Tax Headaches For US Citizens Abroad

Not long ago a Canadian doctor called me to talk about a surprise he just discovered related to his tax liabilities in the United States. A dual U.S.-Canadian citizen, he had accumulated retained earnings in his professional corporation of $ 2 million and suddenly he learned that he had a $ 300,000 U.S. tax liability. Since he is resident

FULL ARTICLE https://www.forbes.com/sites/andyjsemotiuk/2018/04/02/new-tax-headaches-for-u-s-citizens-abroad/

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