Serbinski Accounting Firms

as for working visa, i think the fact you married to US citizen would grant you a green card --that will let you work in US. the fact you live US -- so you are US resident, you report all your income to IRS (i mean all -- that is global income). With green card, you should report your global income ...

How could IRS receive f1099b form ? was it sent by CIBC/WG ? or it was sent by CRA. It seems strange to me. Often people do back file or PLR before IRS find out. This would be considered in good faith. Also I wonder if you will be in trouble with FBAR as well in case you have never filed TD 90-22 fo...

a letter of explanation of 1040X is not required. but later filing of FBAR is.

i guess most time it is the machine process -- so nobody at IRS would pay much attention on those QD

QD means quiet disclosure. You do amended return without alert IRS

just wanted to say Taxpayers have to pay $2000 to IRS for a private letter ruling from the IRS on top of a legal fee to tax lawyers who prepare a request of PLR. So QD back files that have been used by many is far much better. Some may be concerned the possible audit after QD -- as there is no clear...

can't you just call IRS lo correct SSN ? I guess it was a human error caught up by a machine -:)

I only mean for RRSP only that f8891 replaced f3520 since 2003

i think 8891 replaced 3520 since 2003

Ikeaidea, Here are key points... 1. Canada is not tax haven -- we all know CRA and IRS exchange info all the time. 2. No entity to hide money in the first place -- 3. Come forward (even doing QD) to correct should be considered as in good faith No court in the name of justice will find a person with...

Tacova, here is what a former DOJ Tax Div prosecutor has to say "I also think there is an important distinction to be made between proving that a taxpayer willfully failed to report income and that a taxpayer willfully failed to file an FBAR. The FBAR was a form few practitioners heard of pre-U...

Tacova, Opt FBAR penalty is also a negotiation process. You can set your penalty rate like $500/year after full tax and related penalty being paid. If IRS does not agree, they will have to take the case to DOJ, and DOJ will take the case to the court. Are you really someone they want to get money ? ...

Tacova, If you send RRSP statement to your examiner upon his/her request, it is like you do not want to use tax deferral election. That will make your RRSP same as your other non-RRSP. And if they are in mutual fund, you may have to do PFIC to figure out income. The worst is base penalty. Since you ...

Calgary, You agent will contact you if he needs something from you. In my case, he asked me to sign a consent form for year 2008 which I had done already when submitting my package. But I did it again anyway. Then he asked me to send all the offshore financial records that have been used in my amend...

US residents who fail to report non-RRSP income look very bad, both morally and legally.

Non US residents may have better argument for reasonable cause who fail to flie.