Thursday, July 10, 2014

The compliance vultures

Business is booming for those making money off expats trying to become US tax compliant in Canada – in order to renounce, or just going forward, etc.

See sample price list for getting storefront chain H&R Block help to be US tax and reporting compliant annually, even for those with little income, and no US tax owing. 
Check out the price of help with an 8854 (Form 8854- Expatriation ‘Premier’ tier category of forms: Starts at $1050 + Time* Time charge may apply to all complexity tiers at $100 per hour”) , or a 3520 and 3520A for registered accts like the TFSA, RESP or RDSP. http://www.askbernice.com/uploads/2014_US_Pricing_-_July.pdf

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