US citizen, resident of Canada,

Subject:        US citizen, resident of Canada, owns sole proprietorship in
Canada
Expert:         taxman at centa.com
Date:           Monday July 24, 2006
Time:           09:23 AM -0700
QUESTION:
I'm being asked for EIN or TIN or SSN (I have the latter) on a fw-9 form.
>From what I've been able to understand, it looks like I'm exempt from
withholding. But do I give them my SSN, my Canadian Business License number
or apply for an EIN or TIN? I always declare the US-sourced income on my
Canadian tax return.
Thank you for your help!
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david ingram replies:
If you are a US citizen, the ONLY "legal" reply is to give them your SSN.
If you are performing all the work in Canada, it is taxable in Canada but as
a US citizen you are also required to file a US return each and every year.
You ARE taxable on your world income to the US as well but will get foreign
tax credits or earned income exemptions by filling out forms 1116 and/or
2555.
In fact, if you have a child or children, you are likely eligible for a
child tax credit of up to $1,000 a child just for filing that return.
Goto www.centa.com and read the US/Canada Taxation section in the second box
down on the right hand side and read the Oct 1995 newsletter in the top left
hand box.
---------------------
David Ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa Specialists
US / Canada Real Estate Specialists
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