Serbinski Accounting Firms

Hello, Fellow Canadian here working on a TN visa in California and have met the substantial presence test for 2020. I think I have become a US resident for tax purposes and have been really stressed about my situation and paranoid of IRS penalties (I’ve read numerous horror stories) . If anyone coul...

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4. I also don't think I need to file FBAR this year since i'm not a US resident yet.

Hello, i am a Canadian citizen from Vancouver and worked in Canada throughout the year with a presale condo that is not yet closed (planning to assign to parents to reduce headache), but left in September 2019 for the US (California) to work under TN Visa. I wanted to confirm my tax situation and th...

Hi Nelsona,

1. Yes you are correct. What I mean by taxed on worldwide income is on the USA side. They could be taxing my rental income from Canada.
2. Yes, I am aware of the 25% of the gross rental income. I will need to file the NR6 and NR4 to reduce this to the net amount.

Hello, My situation is as follows: I own a condo in Vancouver, BC but will be working in the US for the next few years. Since I am working in the US, I will be taxed on worldwide income. However, my costs (mortgage, insurance, HOA fees, property manager) exceed my rental income. 1. I'm wondering how...