U.S. accounting fees incurred by Canadian resident
Moderator: Mark T Serbinski CA CPA
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U.S. accounting fees incurred by Canadian resident
When completing his CANADIAN tax return, are accounting fees incurred by a Canadian resident associated with completion of compliance forms to be submitted to the U.S. government (i.e. preparation of a U.S. tax return) deductible against this filer's Canadian tax return? The taxpayer is a resident of Canada, was born in the U.S. (which is why he is filing a U.S. tax return), does not operate a business in Canada or the U.S. but does have Canadian investment income.