Hi Mohammad, do dual citizens are liable to pay taxes for both countries. In recent times, I moved to the USA from Canada and also have dual citizenship for the countries. How do I have to go about the taxes?

Most often, you will need to pay some taxes in both countries, but it depends on your assets. Regardless, there are a few key things to look out for.

There are 3 Main Tax Issues Impacting Dual US-Canadian Citizens

– The financial reporting obligations beyond filing taxes for dual US-Canadian Citizens

– The obligations on US border cross-citizen tax-free accounts

– IRS Amnesty Programs for non-compliant US Nationals