Curious about the hidden tax traps waiting for Canadian real estate investors with US properties?
In this intriguing episode, I interview Alexander Marino, a U.S. lawyer and Director at Moodys Tax in Calgary. Alexander specializes in helping people from all corners of the globe renounce their U.S. citizenship, a process that many find liberating.
He reveals the complex world of U.S. tax obligations, citizenship renunciation, and how to navigate these challenges effectively.
Alexander shared some enlightening insights during our conversation, which I think many of you will find invaluable, especially if you're navigating similar considerations.
Key Moments In This Episode
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00:00 Intro
02:26 Renunciation Process
07:03 NonResident Tax Implications
09:17 Tax for US Citizens in Canada
13:47 IRS Power Increase
16:01 Case Study: Boris
20:03 History of US Taxation
22:01 Tax Issues for US Citizens in Canada
27:56 Financial Benefits of Renunciation
If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.
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Please make sure to speak to a professional that knows your personal situation before making a decision.
If you need to talk to someone on my team, email us at [email protected].
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