Serbinski Accounting Firms

I am wondering how Canada's community property rules interact with the IRS. Ontario, for example, has what is described as a "deferred community of property" regime. I have read that if you live in a state such as California, all property acquired after marriage is community property, so a...

In Canada, most charities are structured as corporations, but in many parts of the world (for example, UK, Australia, New Zealand), charities are commonly structured as trusts under a trust deed, and "Charitable Trust" is basically synonymous with the word charity. I know that US persons c...

About $10.

Thanks Nelsona.

However, looking at 4372(d) it seems that the definition of insured applies only to 4371(1) regarding casualty insurance.

Also, what if a health plan includes term life insurance with it?

IRC section 4371 imposes an excise tax of 1% on health insurance premiums paid to a foreign insurer for a policy covering a US citizen. The policyholder, the insurance company, the insured, and the person who pays the premiums are jointly liable for this tax and for filing Form 720. 1) Most Canadian...