Search found 2 matches

by tlan123
Fri Nov 04, 2022 10:04 pm
Forum: Canada / United States Tax & Accounting
Topic: PFIC and house strategy regarding move to California
Replies: 3
Views: 3695

Re: PFIC and house strategy regarding move to California

Thank you very much for the info. Would there then be a mismatch in residency between California and US Federal since we wouldn't pass the substantial presence test for 2022 on the federal side yet Cali would consider us residents upon arrival. Would we still be Canadian residents (and Quebec reside...
by tlan123
Thu Nov 03, 2022 9:38 pm
Forum: Canada / United States Tax & Accounting
Topic: PFIC and house strategy regarding move to California
Replies: 3
Views: 3695

PFIC and house strategy regarding move to California

My spouse and I (both Canadian) will be moving to California in late November. While we will be non-resident aliens from IRS perspective (do not pass substantial presence test), I believe we will be residents of California upon arrival as we are both taking on new full time jobs for US companies. I ...