Search found 4 matches

by tropikdreamz50
Fri Oct 11, 2019 6:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Abbreviated Question re: Executor Duty to Pay Foreign Tax
Replies: 4
Views: 2518

Re: Abbreviated Question re: Executor Duty to Pay Foreign Tax

nelsona wrote: > As is often and consistently advised her, US persons should NOT be the > executor of Cdn estates, not for the reason you mention, but because it > raises foreign trust reporting problems. I am a dual citizen Canada-U.S., but I'm not the executor of the estate. My sister, who lives i...
by tropikdreamz50
Thu Oct 10, 2019 9:39 pm
Forum: Canada / United States Tax & Accounting
Topic: Abbreviated Question re: Executor Duty to Pay Foreign Tax
Replies: 4
Views: 2518

Re: Abbreviated Question re: Executor Duty to Pay Foreign Tax

nelsona wrote: > What US tax liability would the deceased have? This info was my long post, but was omitted in my abbreviated post. The decedent lived in the U.S. for about 18 years, and became a long-term permanent resident. It's likely that she never effectively disclaimed this residency status. I...
by tropikdreamz50
Thu Oct 10, 2019 7:44 am
Forum: Canada / United States Tax & Accounting
Topic: Abbreviated Question re: Executor Duty to Pay Foreign Tax
Replies: 4
Views: 2518

Abbreviated Question re: Executor Duty to Pay Foreign Tax

I am posting here to abbreviate the content of an earlier post relating to an estate matter in Ontario. I realize that a long post with multiple questions may go unanswered for a while and am hoping a more consolidated question will be more likely to get a reply. So, in brief, is the executor (appar...
by tropikdreamz50
Thu Oct 10, 2019 12:01 am
Forum: Canada / United States Tax & Accounting
Topic: Management of Canadian Estate with Canadian and U.S. Beneficiaries
Replies: 0
Views: 5647

Management of Canadian Estate with Canadian and U.S. Beneficiaries

My mother recently passed away in Ontario, leaving an estate worth about $1.2 Million Canadian. About 85-90% of the value of the estate is currently invested in a fully paid off condominium. The decedent was a Canadian citizen from infancy until 1979, moved to the U.S. and acquired a U.S. green card...