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Tag Archives: Services

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TAX OBLIGATIONS OF US PERSONS

Aug 17, 2015Lissa SavageCanada US TaxAdvice, Canada, Cross-Border, Services, Tax, US

US Taxation of Individuals The United States is one of two countries in the world that taxes individuals based on citizenship rather than residency.  All US persons are required to file an annual US individual tax return (Form 1040) to report their worldwide income, whether they live in the US or abroad. How to be…

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