Dual Citizen (US/Canada) implications of having signing authority on private corporation accounts

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tgmalino
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Joined: Sun Feb 03, 2019 6:17 pm

Dual Citizen (US/Canada) implications of having signing authority on private corporation accounts

Post by tgmalino » Sun Feb 03, 2019 6:24 pm

Good day,

I work for a small Canadian private corporation in Canada (which is subsidiary of British company). I am a dual citizen of US and Canada and regularly file with the IRS, including the annual FBAR. Due to recent organizational changes my employer has asked that I become the main point of contact/signing authority for the financial accounts, lawyers, accountants, etc.

I would NOT be in an Officer/VP/Director, but remain as a "Lead Engineer". I do not have any shares or have any ownership in the company.

Are there any implications for my US taxes? FBAR? Any extra forms I need to fill out? Are there any risks I would be taking by agreeing to this?

Thank you for your help!


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