IRS Tax Guide for Information on the United States–Canada Income Tax Treaty, Publication 597 (10/2015)
IRS Tax Guide for Information on the United States–Canada Income Tax Treaty, Publication 597 (10/2015)

How to Download IRS Tax Guide for Information on the United States–Canada Income Tax Treaty, Publication 597 (10/2015) DOC

Introduction This publication provides information on the income tax treaty between the United States and Canada. It discusses a number of treaty provisions that most often apply to U.S. citizens or residents who may be liable for Canadian tax. Treaty provisions are generally reciprocal (the same rules apply to both treaty countries). Therefore, Canadian residents who receive income from the United States may also refer to this publication to see if a treaty provision affects their U.S. tax liability.What's New Under Revenue Procedure 2014-55, 2014-44 I.R.B. 753, available at www.irs.gov/irb/ 2014-44_IRB/ar10.html, there are new procedures for electing to defer U.S. tax on undistributed income from certain Canadian retirement plans (including RRSPs and RRIFs). Form 8891 is no longer required to make the election or to report distributions or earnings on undistributed income. Revenue Procedure 2014-55 also provides guidance concerning information reporting with respect to interests in certain Canadian retirement plans. For more information, see Tax-deferred plans under Pensions, Annuities, Social Security, and Alimony, later

  • Released: September 15, 2017
  • Author: U.S. Internal Revenue Service (IRS)
  • Rating: 5
  • Publisher: Ebook Store Group
  • Total Page: 209 pages
  • File Size: 2283 KB

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