Catherine Shen-Weafer, CPA, CGA, CPA (Washington)

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U.S. Federal and State Tax Filing Deadlines Under COVID-19

Catherine Shen-Weafer, CPA, CGA, CPA (Washington) 03/23/2020

On March 20, 2020, U.S. Treasury Secretary Steven Mnuchin announced that the date for both filing and payment of certain U.S. federal income taxes has been deferred from April 15th to July 15th in response to COVID-19. This deferral applies to individuals and business taxpayers ...

Controlled Foreign Corporations Compliance

Final Regulations Partially Mitigate Overbroad Controlled Foreign Corporation Attribution Rules Passed as Part of 2017 U.S. Tax Reform

Catherine Shen-Weafer, CPA, CGA, CPA (Washington) 01/28/2020

The U.S. Internal Revenue Service (“IRS”) recently finalized tax regulations under its complex controlled foreign corporation (“CFC”) regime that partially mitigate some of the harsh tax consequences resulting from an apparent drafting error contained in the 2017 U.S. tax reform legislation. The 2017 US tax ...

Is the interest expense deductible for US non-resident aliens owning a U.S. real property interest?

Catherine Shen-Weafer, CPA, CGA, CPA (Washington) 11/29/2017

Loaning between business entities is a widely-adopted business strategy in the real estate industry. Multiple levels of entities are often chosen in a business structure. U.S. limited liability companies (“LLC”) are commonly used to hold U.S. real property interests. When foreign investors are involved for ...

Washington Business and Occupation Tax

Catherine Shen-Weafer, CPA, CGA, CPA (Washington) 01/01/1970

Many Canadian businesses are unaware of the Washington Business and Occupation (“B&O”) Tax when they do business with customers in the State of Washington. The B&O tax is a gross receipts tax levied by various levels of government in Washington. It is calculated based on ...

The member firms of Andersen in Canada focus on Canadian, international and Canada-U.S. cross-border tax matters. With offices across Canada, our tax professionals work with a broad range of businesses and individual clients to develop innovative tax solutions for a diverse range of issues. Our senior leaders and many of our professional staff have extensive experience in Canadian, international, U.S. and cross-border tax matters with major international accounting firms, as well as practical experience working with businesses and individuals.