US Tax Accounting Services in Mississauga
Taxes across the US-Canada border can seem complicated. Our Mississauga US Tax accountants understand US tax rules really well. They keep your money safe, ensure you follow IRS rules completely, and find ways to save you money with good planning.
US Tax Accounting for Mississauga Residents and Businesses
Reduce US Tax Overlap
Double taxes from the IRS and CRA hurt. Our team uses the US-Canada Tax Treaty to stop that overlap. Most clients drop their US tax bill by 15-22% with treaty provisions.
Simplify IRS Form Filing
US forms like 1040, FBAR, and FATCA can take 20+ hours to figure out. Our fast process trims that by 85%. You skip the headache of IRS paperwork and get back to your life.
Prevent IRS Penalties
One slip with FBAR or FATCA can lead to $10,000 fines from the IRS. We maintain a 100% acceptance record with the IRS and accurate filings to avoid penalties.
Ease Your US Tax Worries
Over 65% of dual citizens in Mississauga stress about IRS rules. Our local experts make US taxes feel simple. Living across the border gets less scary with us by your side.
Our Comprehensive US Tax Accounting Services in Mississauga
Whether you’re a dual citizen, a Canadian with US investments, or a business working across borders, our services fit your needs perfectly.
US Individual Tax Help
- Yearly US federal tax return preparation (Forms 1040/1040NR)
- State tax return filings for places that need them
- FBAR preparation and online filing (FinCEN Form 114)
- FATCA compliance and Form 8938 filing
- Foreign tax credit improvements (Form 1116)
- Treaty-based position reporting
- Form 8840 preparation for snowbirds
- ITIN application help (Form W-7) through certified IRS Acceptance Agent
- Streamlined Filing for past tax returns and FBAR reports
Cross-Border Business Tax Support
- US corporate tax return preparation (Form 1120/1120-F)
- State-level business compliance for operating nexus
- Transfer pricing paperwork and planning
- Cross-border business structure optimization
- Controlled Foreign Corporation (CFC) reporting (Form 5471)
- Passive Foreign Investment Company (PFIC) analysis (Form 8621)
- Global Intangible Low-Taxed Income (GILTI) planning
US Real Estate & Investment Options
- US rental property tax filing and compliance
- Qualified business income deduction improvements (Section 199A)
- Real Estate Holding Corporation and US Limited Partnership setups
- FIRPTA withholding guidance for US property sales
- Foreign investment reporting for specific assets
- Cross-border retirement account tax planning
- Coordination of 401(k), IRA, Roth, RRSP, and TFSA accounts
- Capital gains tax plans for cross-border investments
- Net Investment Income Tax reduction
- US-source income handling (dividends, interest, royalties)
Cross-Border Tax Planning
- US-Canada tax planning using the 1980 Tax Treaty
- Residency checks with the Substantial Presence Test
- Business structure optimization for US operations
- Estate and gift tax planning for US assets
- Exit tax planning for green card holders (IRC Section 877A)
- State tax reduction for snowbirds and remote workers
- 1031 exchange advice for swapping properties
- Bonus depreciation plans under the Tax Cuts and Jobs Act
- Tax rate reduction using treaty benefits
IRS Help & Compliance
- Full support during IRS exams and audits
- Penalty reduction and relief options
- Voluntary disclosure program help
- Solutions for non-filers with penalty-avoiding options
- IRS notice and letter handling
- Tax ID (ITIN)application services for dependents
- Form W-7 preparation by certified IRS Acceptance Agent
- Taxpayer Advocate Service coordination
- Adjusted Gross Income (AGI) improvements
- ASC 740 compliance for income tax accounting rules
Special Consulting Services
- Tax planning before moving to or from the US
- Cross-border merger and acquisition tax reviews
- International estate planning for US citizens
- Expatriation tax planning and exit options
- Tax solutions for digital nomads and remote workers
- US-Canada retirement planning coordination
- Cross-border divorce tax advice
Trusted by Mississauga's Professionals & Businesses for US Accounting
From Fortune 500 execs and small business owners, our CPA team simplifies cross-border tax compliance for clients throughout Mississauga.
150+ Clients Choose Our US Tax Services in Mississauga
Strong knowledge of US and Canadian tax systems keeps you on track and finds savings on both sides of the border.
Clients say they’ve “saved thousands in taxes and lost the stress of cross-border rules” with the help of our US-Canada tax experts in Mississauga.
100% Acceptance Rate
No IRS rejections ever happen. Careful work stops mistakes and keeps you covered.
Real-Time Updates
Secure client portal shows your filing status anytime. You get 24/7 access to documents and deadlines.
Dual-System Skills
Good understanding of US and Canadian taxes spots every detail in your cross-border situation.
See Why Mississauga Trusts Our US Tax Accountants
100% Satisfaction Guarantee
Money-Back Promise
Not happy? Team fixes it or you don’t pay. Your satisfaction matters most.
Audit Support
Worried about the IRS? Free audit help comes with every return to keep you calm.
Clear Costs
No hidden fees show up. Upfront pricing matches your cross-border needs.
Why Mississauga Residents Choose Our US Tax Accounting?
Tailored US Tax Accounting for Mississauga Industries
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Tech Workers
Mississauga’s tech world is growing, and workers here often get stock options, RSUs, or ESPP shares from US companies. Our US tax specialists in Mississauga make plans to save money on equity pay, handle reporting for the US and Canada, and use treaty benefits.
Healthcare Pros
Doctors and medical people deal with income from licenses and practice setups. Tax rules in the US and Canada don’t always line up. Our medical tax services figure out where your money fits, set up professional corporations properly, and plan retirement for both countries.
Manufacturing & Export Firms
Mississauga’s big manufacturing scene means lots of cross-border business. We help with sales tax connections, transfer pricing papers, and customs rules. Our team sorts out tariffs and supply chain tax problems. Our planning lowers US taxes by about 25% on average.
Real Estate Investors
People here with US properties face lots of rules—FIRPTA withholding, federal and state filings, and rental income taxes. Our US tax accountants take care of it all and use treaty rules to increase profits. Plans boost after-tax earnings by 20-30% compared to regular ways.
Financial Pros
Finance people in Mississauga with US clients or work handle FATCA, securities rules, and big reporting needs. Our solutions keep them compliant and make tax-smart investment plans. Both advisors and their clients stay safe with this focused help..
Multinational Staff
Executives and workers at Mississauga’s big companies—like those 60 Fortune 500 HQs—deal with equity pay, foreign assignments, and retirement plans. Our Mississauga US tax accounting matches cross-border taxes, and stops double taxing.
A Message from Our CPA
Hi! I’m the founder of SAL Accounting. I understand how US taxes can confuse business owners in Mississauga. Our team has a lot of experience fixing cross-border tax problems. We keep you compliant, lower your taxes, and explain it all simply. Let us take care of your US tax stuff so you can focus on what’s important.
M. SALMAN
Meet Our US Tax Accountants in Mississauga
Sarah Zeyneb
Jazz Thind
Alex Hart
M.SALMAN, CPA
FAQs: US Tax Accounting in Mississauga
When do I have to file US tax returns as a Canadian in Mississauga?
You need to file US tax returns if you’re a US citizen or green card holder, no matter where you live. It also applies if you earn money from the US above a certain amount or spend a lot of time there and meet something called the Substantial Presence Test. Many people in Mississauga don’t realize they have to file because of where they were born, their parents, or past US status. Our US tax accountants check what you need to do, help you avoid fines starting at $10,000 per form, and make sure you meet deadlines.
How does the US-Canada Tax Treaty help Mississauga residents with cross-border taxes?
The treaty lowers your taxes with things like Foreign Tax Credits and special rules for retirement accounts. It also reduces how much tax gets taken out of money crossing the border. Parts like Article XXIV stop you from paying taxes twice, and Article XVIII deals with retirement savings. Our Mississauga US tax consultants use these rules to save clients 15-22% on taxes.
What are FBAR and FATCA, and why do they matter for Mississauga residents?
FBAR (FinCEN Form 114) and FATCA (Form 8938) are forms US citizens or green card holders must fill out to report Canadian bank accounts to the US government. They have different rules about how much money triggers them. If you don’t file, fines start at $10,000 per form and can get much bigger. We make sure you follow these rules, use any exceptions to make it easier, and protect over $50 million in client money each year.
How can I pay less tax on my US work as a business owner in Mississauga?
Business owners can save on US taxes by picking the right setup—like a branch, C-Corp, LLC, or partnership—which can change tax rates by 15% or more. Planning how money moves between countries and using treaty benefits also helps. With 60 Fortune 500 companies in Mississauga, we handle federal, state, and local taxes, plus rules like CFC and ASC 740. Our clients save about $18,500 a year by splitting income smartly and using tax credits.
What happens tax-wise if I own US real estate as a Mississauga resident?
Owning property in the US means you might need to file federal and state tax returns, deal with FIRPTA withholding when selling, and face estate taxes if it’s worth over $60,000. Canada has different rules for things like depreciation and capital gains, which can confuse things. We plan with setups and deductions (IRC Section 199A) to increase your profit after taxes by 20-30%, while making sure all forms get filed. Contact our real estate tax accountants in Mississauga for more information.
What are the penalties for not filing US taxes or forms on time?
Missing US tax returns or forms like FBAR can cost you $10,000 per mistake, and FATCA penalties can go even higher. Late filings might also mean interest on unpaid taxes. IRS programs can help fix this, but you need to act to avoid bigger fines or legal trouble. Our US tax accountants explain your risks and keep you safe from these costs.
What can Mississauga residents do to plan taxes for US retirement accounts?
If you have US accounts like 401(k)s, IRAs, or Roths, taxes can get tricky across borders. The US-Canada Tax Treaty’s Article XVIII stops double taxing if done right. We plan for withdrawals, Roth switches, and matching with RRSPs or TFSAs. It saves clients 12-25% with good timing and treaty rules, while following both countries’ filing needs.
Do I need to file US taxes if I’m a dual citizen living in Mississauga?
Yes, if you’re a US citizen—even if you live in Mississauga—you must file US tax returns every year, no matter where your income comes from. The US taxes worldwide income, but the US-Canada Tax Treaty can cut what you owe. Our CPA figures out what you need to file and saves you from double taxes.
What should Mississauga residents know about renouncing US citizenship?
Giving up US citizenship can mean an exit tax (IRC Section 877A) if your net worth is over $2 million or your average tax is above $178,000. We plan ahead to lower that tax, handle the Form 8854 filing, and sort out what comes after. Clients have saved over $150,000 by timing things right.
How do snowbirds in Mississauga avoid US tax problems?
Spending too much time in the US—over 120 days a year on average—can make you a US tax resident under the Substantial Presence Test. You might owe taxes there or need to file Form 8840 to stay Canadian. Count your days and plan your trips to avoid surprises with our cross-border tax services Mississauga.
Where is SAL Accounting located?
Our office is located at 55 Village Centre Place, Suite 734, Mississauga, Ontario L4Z 1V9, Canada. We are conveniently situated right off Highway 403 and Hurontario Street, easily accessible for your convenience.
Book Your FREE US Tax Consultation Today!
Cross-border taxes don’t need to stress you out. Our team, with US CPA know-how, helps you handle both systems. We serve Mississauga residents—including people with US ties—right here. Contact us to turn tax worries into calm!