Tax Doctors Canada News

According to the Internal Revenue Service (IRS), a dual-status alien is a person that has been both a resident and nonresident alien of the United States in the same tax year. It has nothing to do with citizenship, and only applies to U.S. resident status for tax purposes. Dual-status tax rules are applied differently to resident and nonresident income. This type of situation could affect a Canadian that is required to file a U.S. tax return.

When you file your income tax return, and it gets processed, does it end there? Is that tax year behind you for good? Unfortunately, it isn’t. The Canada Revenue Agency is allowed to go back and look at your previous tax returns and perform reassessments, if they so choose.