Serbinski Accounting Firms

Any opinions on the following?

Is a former green card holder, who only held the green card for three years (not a long-term resident), required to File Form 8854 to formally terminate her U.S. residency?

If not, is the statement described in Publication 519 under "Last Year of Residency ...

Just to let everybody know -- I have recently seen the CRA deny a foreign tax credit for the 10% penalty on early withdrawal from an IRA. The CRA stated that this is a penalty and does not qualify as a foreign non-business income tax.

The CRA General Income Tax and Benefit Guide for 2005 states, "The amount on your United States W-2 slip MAY have been reduced by such contributions to a '401(k), 457, or 403(b) plan, US Medicare and Federal Insurance Contributions Act (FICA)'. These contributions are not deductible on your Canadian ...