SOURCE: JPS Financial and Accounting Services

April 03, 2014 15:47 ET

British Columbian Accounting Firm to Speak About Cross Border Issues for US Citizens

Accounting Firm to Speak About Tax Ramifications Unique to US Citizens Living Abroad at the Kensington Community Centre in Early April

VANCOUVER, BC--(Marketwired - Apr 3, 2014) - An accountant from JPS Financial and Accounting Services will be holding a tax seminar on April 5th, 2014 at 1:00PM for US citizens living in Canada. The tax seminar is being held by Democrats Abroad at the Kensington Community Centre in Vancouver, British Columbia.

According to a spokesperson from JPS Financial and Accounting Services, US citizens living in Canada face a variety of tax ramifications. "US citizens residing in Canada must comply with IRS and US Treasury regulations, file tax returns, and more. New banking laws require banks to report to the IRS on US citizens," he said. "More than ever, US citizens need to be compliant, but it requires a great deal of paperwork."

The presentation will cover topics such as: who should think about US tax compliance, IRS forms, new forms and changes, Offshore Voluntary Disclosure Initiative, and the Foreign Account Tax Compliance Act (FATCA).

Democrats Abroad is the official arm of the US Democratic Party for millions of Americans living abroad. This year's tax seminar takes place at the Kensington Community Center which is located at Knight Street and East 37th Avenue. Ticket prices are $15.00 and pre-registration is required.

"If you're a US citizen living in the area, this informative tax seminar is for you," the spokesperson said. "US tax law effects US citizens on both sides of the border."

About JPS Financial and Accounting Services
JPS Financial and Accounting Services is associated with the Washington State Board of Accountancy and the Chartered Accountants of British Columbia. The firm specializes in cross border taxation with an emphasis on Americans living in British Columbia. Accountants from JPS spent nearly a decade in Washington specializing in public accounting and banking before moving to British Columbia. As both accountants and Canadian residents, JPS's accountants are experts at communicating how US tax laws affect US citizens living in the United States and Canada.

JPS Financial and Accounting Services offers accounting services to individuals and small-to-medium sized businesses throughout the Tri-City area of British Columbia through Everett, Washington. For more information please visit jpsaccountingservices.com.