Serbinski Accounting Firms

Hi and thanks in advance for any replies. I will do my best to provide the relevant data. Tried to read other posts and could not find my exact situation. My 85 yo father passed away in 2014 and was a dual US/CDN citizen living in Canada for past many years. My brother and I are CDN citizens and res...

I am a US Citizen who has lived in Canada my entire life. So far my US tax filings have been quite straight forward. This year 3 items came up which I have not had to deal with in the past. The first is that I left my employer I directly rolled 300k from my defined municipal pension into my RRSP. Ar...

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Can a US citizen residing in Canada claim itemized deductions for home interest and taxes on his/her 1040

US Citizen residing and working in Canada since 1990.

Does supplemental wages loss replacement from a Canadian Insurance Company have to be reported on the 1040 with the applicable FTC claimed?

My AMT taxable income is approx 400k and all from Cdn employment. I reside in the US. My Cdn tax paid is approx 165k and the FTC eliminates all my US taxes. I have no expenses or deductions whatsoever against my income. My software calculates that I owe "no" AMT due to the AMT FTC. Does th...

I received some bad advice and purchased shares in a US LLC within a Cdn resident Corporation. My Corp & I are both Cdn resident with no U.S. permanent residence. I "now" think I understand the problem with the double taxation issue. I believe I will be taxed on the dividends paid to m...

I am a US Citizen residing and working in Canada. I am usually able to exclude about 90% of my income, with the tax on the remainder wiped out by the foreign tax credit. I am curious if the "large" foreign tax credit carryforward I keep calculating would ever be of value to me. I fail to s...

Thats why I ask the question!

I am a US citizen residing in Canada. All my income is from Canada. I am selling my home in South Carolina for a loss. I am reporting the loss on my US 1040. I have never rented the home out and it was my prime residence for 3 years until my move to Canada in July 2003. It has been vacant till sale ...

Is income received from a Canadian Airline pension by a US resident subject to the same rate of tax as regular US income. The withholdings will be 15% in Canada. Are there any reductions or deductions that may be applied? All the income was earned outside of the U.S. if it makes any difference.

I am not over 60 and am considered disabled. They do not withhold tax if the withdrawl is for disabiltiy reasons aparently.

I am a US & Cdn citizen residing in Canada. I have become disabled and withdrew my entire IRA in 2005. 100k. No taxes were withheld at source. I am reporting it on both my US & Cdn returns and claiming the applicable foreign tax credit in Canada after paying full US tax on it. Is there any d...

I am a US citizen/resident employed by a Canadian Airline. Over the past few years most of my Canadian income was exempt from Cdn taxes as I was flying internationally (ie not working in Canada). For six months this year I received wage loss replacement from an insurance company as I was off on disa...

I have previously filed 1120-F return for a foreign Corp. I recorded rental losses in the 2002 & 2003 years of $77000 and my beginning capital account in 2004 on the 1120-F shows approximately the same. In 2004 I have rental income of $38,000. After this income my capital account is still negati...