Search found 7 matches
- Sat Nov 05, 2022 8:44 am
- Forum: Canada / United States Tax & Accounting
- Topic: Determine the Max Value for Fincen 114 on transfers btw the banks
- Replies: 11
- Views: 7169
Re: Determine the Max Value for Fincen 114 on transfers btw the banks
nelsona wrote: > Please read my posts. I'm done on this one. HI Nelsona, We would like to appreciate your continued help and the valuable information your are providing, My friend and his wife are both LPR in the USA and have Green cards, Currently both of them are working outside the US and paying ...
- Fri Oct 21, 2022 8:20 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Determine the Max Value for Fincen 114 on transfers btw the banks
- Replies: 11
- Views: 7169
Re: Determine the Max Value for Fincen 114 on transfers btw the banks
nelsona wrote: > 2. Of course this is incorrect. Report the maximum value and stop thinking > about it. It's not worth, your friend's or your time worrying about it. HI Nelsona, Thank you, 1-Any action is reqiured for point #1 above? 2- I am sorry, I haven't been clear enough in question#2 above, I ...
- Fri Oct 21, 2022 12:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Determine the Max Value for Fincen 114 on transfers btw the banks
- Replies: 11
- Views: 7169
Re: Determine the Max Value for Fincen 114 on transfers btw the banks
nelsona wrote: > I believe in just moving forward, no point going back. as long as a =n FBAR > was filed. > but always reporting ALL accounts a their max value. Over reporting will > never be punished. Thank you Nelsona for your quick response, He will take your advise and No ammendment is reqiured ...
- Fri Oct 21, 2022 10:48 am
- Forum: Canada / United States Tax & Accounting
- Topic: Determine the Max Value for Fincen 114 on transfers btw the banks
- Replies: 11
- Views: 7169
Re: Determine the Max Value for Fincen 114 on transfers btw the banks
nelsona wrote: > I wouldn';t worry about it. Put the max value for each account. That is > what they want to know. It doesn't matter if they are doubled up. HI Nelsona, This question was asked by my friend who Is in the same situation, he told me that he got his Green card on 2020, he submitted his ...
- Fri Sep 23, 2022 11:27 am
- Forum: Canada / United States Tax & Accounting
- Topic: Resident Status in Canada
- Replies: 5
- Views: 3240
Re: Resident Status in Canada
nelsona wrote: > Bo. only your RESIDENCE s a primary ties, and you wee not Canada long > enough. > Why are you wondering about this? You di not fullfill any of your Landed > Immigrant requirements. Thanks Nelsona for your response We are not familiar about the Canadian tax rules, as such we are comi...
- Thu Sep 22, 2022 10:05 am
- Forum: Canada / United States Tax & Accounting
- Topic: Resident Status in Canada
- Replies: 5
- Views: 3240
Re: Resident Status in Canada
nelsona wrote: > You were NEVER a tax resident of Canada. Thank you Nelsona for your response, As posted above, Kindly be reminded that the entire family members have applied for (OHIP) provincial health coverage in 2009, Does that and the landed immigrant status are considered primary residential t...
- Wed Sep 21, 2022 4:04 am
- Forum: Canada / United States Tax & Accounting
- Topic: Resident Status in Canada
- Replies: 5
- Views: 3240
Resident Status in Canada
Hi, I am requesting your kind advice for the below: My family and I (Total 6) landed in Canada on 2009 as a permanent residence, we stayed in Canada 30 days ONLY (furnished apartment) and we returned back (entire family) to the same Country we came from; we have only Canadian Bank joint account (ver...