Canadian corporations making dividend payments should ensure that they are compliant with U.S. federal backup withholding and reporting requirements to avoid potential U.S. federal income tax issues....more
1/31/2025
/ Canada ,
Corporate Counsel ,
Corporate Taxes ,
Dividends ,
Foreign Corporations ,
Internal Revenue Code (IRC) ,
IRS ,
Reporting Requirements ,
Tax Credits ,
Tax Planning ,
Taxation ,
Withholding Requirements
In transactions in which a Canadian corporation seeks to acquire a U.S. target entity for shares of the Canadian acquiror in a transaction intended to be tax-deferred for U.S. federal income tax purposes, the ability of U.S....more
The CARES Act, signed into law on March 27, 2020 in the wake of the onset of the Covid-19 pandemic, contained numerous changes to U.S. federal income tax law. One such change applied to the deductibility of net operating...more