host picture

  | Bookmark and Share

U.S. citizens in Canada could face major tax penalties

The United States government is cracking down on Americans living abroad who do not file U.S. tax returns. U.S. law requires all American citizens to report their income, and certain bank accounts and investments to the Internal Revenue Service (IRS) even if none of that income was earned in the United States.

Business Columnist Donna Guzik joins Susan with the details.

Download Flash Player to view this content.

  •