Moodys LLP Tax Advisors

Well, it has been quite a week.....first we have a story about a runaway cow that walks up to the drive-through window at a McDonalds restaurant in Brush, Colorado . That's pretty funny stuff, but the story of the very recently…more

On January 9, 2012 the Internal Revenue Service (“IRS”) issued a statement that contains two very important announcements for Canadian residents who have US tax and filing obligations: first, it will shortly issue new…more

On March 22, 2012 I had the privilege of speaking at the Eighth Annual International Estate Planning Institute in New York City. The conference was sponsored by the New York Bar Association and the Society of Trust and Estate…more

St. Michael Trust Corp. v. The Queen is the first appeal where the Supreme Court of Canada has considered the test for residency of a trust for tax purposes. The appeal was heard merely four weeks ago. We were surprised when…more

On March 29, 2012, The Honourable Jim Flaherty, Minister of Finance released the 2012 Federal Budget. This blog discusses some of the more important tax proposals that will affect our clients and friends. Our blog of February…more

The Canada Revenue Agency (“CRA”) recently lost in Tax Court against a taxpayer that had structured their operations to minimize Canadian tax. The case, Velcro Canada Inc. v. The Queen, (“Velcro Canada”) is the first case since…more

As mentioned in an earlier post, the Federal Budget is usually the place where most tax proposals arise. Accordingly, tax practitioners are keenly interested in the detailed Budget proposals that get released. However, as we…more

On February 08, 2012 the IRS issued IR 2012-15, which contains proposed regulations that clarify the manner in which non-US financial institutions will find and report US persons to the IRS, which is required by the Foreign…more

The study and practice of tax is tough. I have said it before and I'll say it again, I believe that tax is one of the most difficult areas of practice in existence. In my many years of being a tax specialist, there…more

RRSPs are an extremely popular investment vehicle for Canadians.  With the mild weather, it may be easy to forget it is February and the RRSP deadline is February 29th.  (The deadline is usually March 1, but with…more

This is not a new topic. However, it is one that we deal with time and time again....especially in recent years. Tax policy and the implementation of tax legislation in Canada is under the purview of The Department of…more

Firstly, this is my list not yours. It is very subjective and is a reflection of my many years of experience of being a tax specialist and building a “tax only” advisory practice.  Most of the practitioners…more

On January 9, 2012 the IRS issued IR 2012-5, which makes two very important announcements:  First, it promises new procedures to bring unfiled returns current for taxpayers who have not filed, but owe no tax. …more

On December 7, 2011 the IRS published FS 2011-13, which is great news for individuals living outside the U.S. and who are not current on their U.S. tax filing obligations. The fact sheet gives some degree of certainty as to the…more