Jon Levy

MBA, CPA auditor,
Partner

This post is also available in: Français (French)

 

Areas of Professional Expertise

• US – Canada tax and business issues (Planning, Corporate Structuring, Tax Minimization)
• Canada: Regulation 105 and Regulation 102 issues, FAPI planning
• US: Controlled Foreign Corporations (CFC’s), GILTI, Section 962 elections, Subpart “F” income planning
• Transfer Pricing
• Voluntary Disclosures (Canada/CRA and Québec/Minister of Revenue)
• International, Corporate and Personal tax planning
• Trusts and Estates
• Financing of small and medium-sized businesses

 

Education & Designations

• Chartered Professional Accountant (Québec and Ontario) [CPA]
• Certified Public Accountant (Illinois) [CPA]
• Trust and Estate Practitioner [TEP]
• MBA (Concordia University)
• Graduate Diploma in Public Accountancy (McGill University)
• BA (Honors) Political Science and Sociology (McGill University)

 

Achievements

• Co-Chair of the UHY Victor Canada US Tax Team (CUTT)
• Member of Montréal Executive Committee (STEP – Society of Trust and Estate Practitioners)
• UHY Victor Representative to the UHY International Tax Special Interest Group
• Lecturer at McGill University & Concordia University in Finance and Taxation

 

Memberships

• American Institute of Certified Public Accountants (AICPA)
• Ordre des Comptables Professionnels Agréés du Québec
• Institute of Chartered Professional Accountants of Ontario
• Canadian Institute of Chartered Professional Accountants
• Illinois CPA Society
• Society of Trust and Estate Practitioners (STEP)

 

IRS PTIN (Preparer Tax Identification Number) Registration

 

Public Speaking & Presentations

• 3520 + 3520a Changes: IRS Rev. Proc. 2020-17  (UHY Victor US Tax Team, Montréal)
• CFC’s, GILTI, Section 962 Elections and the High Tax Kick-Out
    (UHY Victor US Tax Team, Montréal)
• American Businesses doing Business in Canada (UHY Victor US Tax Team, Montréal)
• Planning for US Estate and Gift Taxes (UHY Victor US Tax Team, Montréal)
• Planning for Americans: CFC’s, GILTI, Subpart “F” and more ! (UHY Regional Conference, Bahamas)
• Cross Border Tax Issues: Minimizing Taxes and Avoiding Pitfalls (STEP Seminar, Montréal)
• Form 5472: Reporting Foreign Ownership (UHY Victor US Tax Team, Montréal)
• GILTI Tax (Sec 951A) – Implications for Americans in Canada (UHY Victor US Tax Team, Montréal)
• Section 199A Deductions  (UHY Victor US Tax Team, Montréal)
• Editor “Canada US Tax Survival Guide”
• Repatration Tax (IRC 965) (UHY Victor US Tax Team, Montréal)
• 2018 Tax Cuts and Jobs Act  (UHY Victor US Tax Team, Montréal)
• FIRPTA at the State Level (UHY Victor US Tax Team, Montréal)
• FIRPTA Planning Issues  (UHY Victor US Tax Team, Montréal)
• US Gain on Sales of Interests in ECI-Generating Partnerships by Foreign Partners (UHY Victor US Tax Team, Montréal)
• “Top 10 Transfer Pricing Issues” (UHY Regional Conference, Mexico)
• Streamlined Filings and SSN Requirements (UHY Victor US Tax Team, Montréal)
• Reducing IRS Penalties: Procedures and Tips (UHY Victor US Tax Team, Montréal)
• Controlled Foreign Corporations and Functional Currency (UHY Victor US Tax Team, Montréal)
• “US Tax Update” (UHY Victor US Tax Team, Montréal)
• “US Taxation of US Citizens Living Abroad” (UHY Regional Conference, Panama)
• “Income Resourcing and Foreign Tax Credits – How to Avoid Double Tax” (UHY Victor US Tax Team, Montréal)
• “Treaty Based 1040 NR’s and International Reporting Requirements” (UHY Victor US Tax Team, Montréal)
• “Bye Bye Form 8891 – Been Good to Know You!” (UHY Victor US Tax Team, Montréal)
• “U.S. LLC’s and Canadian Investors: Opportunities and Pitfalls” (UHY Victor US Tax Team, Montréal)
• “Foreign Asset Reporting: Canada and the US” (Public Mutual Fund, Toronto)
• “Canada – US Foreign Reporting: from the FBAR to the T1135” (STEP US Canada Special Interest Group, Internet Conference)
• “CRA Foreign Reporting” (UHY Victor, Montréal)
• “US Fiscal Cliff Deal – Tax Update” (UHY Victor US Tax Team, Montréal)
• “Tax Issues: US Individuals and US Corporations Resident in Canada” (STEP US Canada Special Interest Group, Internet Conference)
• “Tax Issues for Americans Resident in Canada” (STEP US Canada Special Interest Group, Internet Conference)
• “Canada US Tax Planning” (UHY Regional Meeting, Cartagena)
• “Tax Issues for American Ex-Pats” (UHY Regional Meeting, Cartagena)
• “Doing Business in Canada” (UHY Roundtable, Detroit)
• “Canada US Tax Planning” (UHY Regional Meeting, Puerto Rico)
•  International Tax Session Chairperson (UHY Regional Meeting, Cancun)
• “Glaxco Canada Suffers a Case of Indigestion!” (UHY Regional Meeting, Cancun)
• “Taxation of Investment Income” & “Corporate Taxation” (McGill University)
• “Canada US Tax Planning” (UHY Regional Meeting, Cancun)
• “Holding Corporations – the Good, the Bad and the Ugly” (Accountants Study Group and STEP Study Group)

 

Favourite Quote:

“Any problem you can’t solve with a good guitar is either unsolvable or isn’t a problem”