Search found 3 matches

by rubyruby
Mon Oct 06, 2014 9:56 am
Forum: Canada / United States Tax & Accounting
Topic: Back filing 8891s under SDOP
Replies: 6
Views: 5406

Back filing 8891s under SDOP

After careful consideration, in order to get my US tax situation sorted, I have decided to enter the Streamlined Domestic Offshore Procedures. Question about 8891. i am about to file my 2013 with extension and 8891, in addition to the prior three years as required by SDOP. Because I am submitting 10...
by rubyruby
Sun Oct 05, 2014 10:26 am
Forum: Canada / United States Tax & Accounting
Topic: Form 8621 filing requirement for RESP account
Replies: 4
Views: 3342

I will be reporting income on the 1040. Ok, if I complete the 8621 I have so far determined that mark-to-market election is the way to go. Does anyone have a formula for completing a 8621 for an RESP? There have been no withdraws or contributions at all. Only interest generated inside the RESP. Than...
by rubyruby
Sat Oct 04, 2014 10:50 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 8621 filing requirement for RESP account
Replies: 4
Views: 3342

Form 8621 filing requirement for RESP account

Hello fellow forum members, and thanks for all the useful information that I have been digesting and using so far. I am resident of US and paying US taxes, and hold an RESP account for my kids that was opened when we lived in Canada. Filing US taxes and completing 3520 and 3520-A for the RESP. RESP ...