Search found 3 matches
- Fri Aug 06, 2021 2:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Is someone with TN1 leaving the US need to pay the exit tax?
- Replies: 13
- Views: 10129
Re: Is someone with TN1 leaving the US need to pay the exit tax?
Thanks. Hopefully, this will be my last question on the subject for a little while, and I appreciate your patience and insight so far. I also see a lot of references to filing a 1040-C prior to leaving, but also that it is extremely infrequent and not particularly well enforced. From your experience...
- Thu Aug 05, 2021 4:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Is someone with TN1 leaving the US need to pay the exit tax?
- Replies: 13
- Views: 10129
Re: Is someone with TN1 leaving the US need to pay the exit tax?
Thank you, nelsona. Since I am still a resident of the US based on definitions such as SPT, does this mean that I would still need to provide a statement establishing my residency termination date to the IRA either as part of my income tax return or directly to them?
- Thu Aug 05, 2021 10:10 am
- Forum: Canada / United States Tax & Accounting
- Topic: Is someone with TN1 leaving the US need to pay the exit tax?
- Replies: 13
- Views: 10129
Is someone with TN1 leaving the US need to pay the exit tax?
Hi, I have currently spent 10 of the past 15 taxable years in the US under the TN1. I recently lost my job, so if I were to leave the US and return to Canada, would I be considered an expatriate (more specifically, a covered expatriate assuming that I also meet one of the 3 criteria for IRC 877A) an...