The IRS has released new forms required for US citizens who own foreign (e.g. Canadian) corporations which are treated as Controlled Foreign Corporations (CFCs) for US tax purposes. The penalties ...

As part of the US tax reform in late 2017, US citizens who owned Canadian corporations which are CFCs were subject to a repatriation tax on an amount approximating the ...

While a number of US states have legalized marijuana and cannabis based products for medical and/or recreational use, the US federal tax rules take a harsh perspective on the deductibility ...

Our US citizen client base had been significantly and adversely impacted by the repatriation tax imposed on the retained earnings of their Canadian corporations. An opportunity may exist to file ...

While immigration law is clearly not an area in which we practice, at Zeifmans we are concerned for our clients and contacts active in the cannabis space in light of ...

In Part 2 of this series, we continue to examine why cannabis companies need accounting leadership and the biggest challenges they face. It’s a positive problem: A start-up grows so ...

The combination of Canada’s cannabis capital markets and Israel’s clinical research expertise have poised the nations for fruitful collaboration for Canadian cannabis stocks. While Canada has postponed the legalization of ...

On June 21, 2018, the U.S. Supreme Court ruled 5-4 in favour of allowing South Dakota to impose an e-commerce sales tax by Wayfair Inc. (“Wayfair”), a large online furniture ...

U.S. citizens abroad who own an interest in a Controlled Foreign Corporation (“CFC”) have been unfairly targeted by two provisions of the U.S. tax reform that was legislated at the ...