Navigating Cross-Border Tax Complexities

This chapter explores the intricate landscape of tax obligations for U.S. citizens and Canadian residents, emphasizing the significance of proper classifications like dual citizens and snowbirds. It highlights the necessity for individuals with U.S. ties to seek help from a cross-border CPA to ensure compliance and avoid penalties. Additionally, the discussion covers the implications of tax treaties, retirement accounts, and the need for careful planning when moving between countries.