The following message is for those
employees who are U.S. citizens, dual citizens or green card holders, regarding
tax filing requirements. This message may also be relevant to individuals who
have renounced their U.S. citizenship or whose spouse and/or children are U.S.
citizens, dual citizens or green card holders.
As a U.S. citizen, dual citizen or green card holder, you may have Internal
Revenue Service (IRS) filing requirements even if you no longer reside in the
United States. Penalties for non-compliance can be significant, even when
no taxes are owed. Also, certain elections may need to be filed to be
compliant with pension income requirements.
On June 26, 2012, the IRS announced new procedures regarding tax compliance for
U.S. citizens and green card holders living abroad. More details
are included on the IRS’ website at: http://www.irs.gov/uac/IRS-Announces-Efforts-to-Help-U.-S.-Citizens-Overseas-Including-Dual-Citizens-and-Those-with-Foreign-Retirement-Plans
Affected employees (and/or employees’ spouses or children) are advised to
discuss this matter with their U.S. tax advisor and to take appropriate steps,
accordingly.
For more information, contact:
Tracey McHardy at tracey.mchardy@usask.ca or 966-2461
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