Serbinski Accounting Firms

Does anyone know if a Canadian citizen can become an enrolled agent with IRS?

I am contemplating this route compared to CPA route since this is more tax specialized. Any input in this subject matter is greatly appreciated.

Thank you.

I think if I want to file QEF election, I am going to go ahead and do that. I think it would be the best for the taxpayer. thanks for clarifying that to me.
So based on the election, for the Form 8621 Part 1 I am going to choose 5(b).
Thanks MGeorge

MGeorge your knowledge of the PFIC is fascinating. My least favourite topic. I have read through most of the posts about PFIC but I haven't found my answer yet or I missed it. Here is my scenario: this is the first time I am filling out Form 8621 for 2 mutual funds owned by a US taxpayer. Although I...

Nelsona, Are you aware of any course offered in Toronto for tax professionals wishing to learn more about preparing US personal tax returns for US citizens living in Canada. I looked at a few courses offered such as National tax training school but it doesnt look like they deal with all the differen...

Does that mean that when the HBP was initially taken, the entire amount is taxable for IRS purposes even though it is not shown in the canadian return?
I've had a similar situation for a client too and would like to know what is the right treatment.

Kind regards

Many thanks Nelsona

Without getting into too much details.... I have a client who works for a Canadian sub for a US company. He exercised/sold his stock options on which withholding taxes were withheld in US. He is a Canadian citizen and has no connections to US. I was told to file 1040NR to obtain 100% of the withhold...

It is the case of the spouse recieving the entire RRSP and put into their own RRSP.

thats what I suspected.

thanks

I have a situation where a US citizen who received significant income in 2012 due to spousal rollover from her deceased Canadian spouse. On the Canadian return, she was able to get a deduction for RRSP for the same amount of income reported from RRIF from the deceased spouse. what is the implication...