W9 and FATCA

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

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anon609
Posts: 1
Joined: Fri Dec 04, 2015 9:34 pm

W9 and FATCA

Post by anon609 »

Hi,

I was born in Canada and I was able to get dual-citizenship with the United States when I was 18. I spent two years at school in the US and filed my taxes for those two years. After school I closed my accounts, moved back to Canada, and have been living here since.

It has been about 8 years since I moved back to Canada and my bank contacted me asking me to fill out the W9 form. I have been filing my taxes in Canada with the CRA but I haven't reported taxes in the US since I left and don't know what I should do now. Am I in deep trouble with the IRS?

Thanks
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nelsona
Posts: 18699
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Yes. US citizens are required to report world income to IRS, and in recent years the existence and/or value of their foreign asstes.


There are severl excellent threads on this, so we won;r repeat here.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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