US S-Corp for US/Canadian dual resident

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erythrocyte
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US S-Corp for US/Canadian dual resident

Post by erythrocyte »

Hello,

I'm a physician who practices in the US (W2 employee) but lives in Canada and hold dual US-Canadian residency and am subject to resident taxes by both countries' respective immigration and tax laws.

I'm considering how to best structure some moonlighting independent contractor work as a physician in the US on weekends - (professional liability paid for by hiring company) - and was wondering if an S-Corp vs. LLP might be a better option than just being a Sole Proprietor - tax wise under the US-Canada Tax Treaty as well as from an asset protection angle. I've read that LLPs are structures that are favorable under the treaty but wasn't sure about the S-Corp.

Any help would be appreciated.

Thanks.
brucecohen
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Re: US S-Corp for US/Canadian dual resident

Post by brucecohen »

You stand a much better chance of getting an informed reply at the Serbinski forum.
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Norbert Schlenker
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Re: US S-Corp for US/Canadian dual resident

Post by Norbert Schlenker »

Hire a competent cross-border tax lawyer.
Nothing can protect people who want to buy the Brooklyn Bridge.
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