Moodys Gartner Tax Law: It's About You | Page 12

US taxation and citizenship renunciation If you’re a US citizen who resides in Canada, Australia or the UK, we understand how frustrating and complex US taxation can be for you. At Moodys Gartner Tax Law, our team of Canadian and US tax lawyers, Canadian Chartered Accountants and US Certified Public Accountants understand the complexities of the US tax and legal systems, and can help you understand your opportunities and obligations - no matter where you reside. Foreign Account Tax Compliance Act A US law called the Foreign Account Tax Compliance Act (FATCA) requires all Canadian financial institutions to report their US depositors to the Canada Revenue Agency, potentially creating tax consequences for anyone who isn't current with their filings. At Moodys Gartner Tax Law, we know FATCA inside and out, and can help you understand how FATCA may affect you. 10 Moodys Gartner Tax Law