SENDING YOUR CHILD TO A
U.S. SCHOOL? THE IRS WANTS TO KNOW. By Elena Hanson The ability to send children abroad for school can mean valuable learning opportunities and experiences. But if you, or your advisors, aren’t versed on the rules of Canadians attending school in the U.S., it can also mean significant U.S. tax exposure. Without the proper guidance, you run the risk of allowing the long arm of the Internal Revenue Service (IRS) access to your student’s individual earnings and assets – and possibly your entire family’s earnings and assets.
