Serbinski Accounting Firms

Nelsona, Thank You!!. Your input is very much appreciated by me and Im sure everyone else who visits this forum. Due to different interest compounding methods between US and Cnd mortgage institutes I think I'm better off working with a Canadian insitute. I have significant equity built in both prope...

Good Day to Everyone tuning in. Can anyone tell me if there are any restrcitions or tax liability on proceeds received from a mortgage (refinance with cash out) taken on a principlel residence in the US? Proceeds would be used to pay off a Canadian home equity loan. I would like to know how each cou...

Does a new (less than 6 months) resident of Canada with U.S. citienship have to file a travel permit with Canada to travel back to the U.S?

On a trip to the U.S. via Port Huron/Sarnia, I (the fool) presented my Canadian Perminent Resident Card and my U.S. GC to the US authority at the crossing gate.. The Customs or Immigration official at the gate asked me if I was a resident of the U.S or Canada. I said Canada. He said I couldn't have ...

On a trip to the U.S. via Port Huron/Sarnia, I (the fool) presented my Canadian Perminent Resident Card and my U.S. GC to the US authority at the crossing gate.. The Customs or Immigration official at the gate asked me if I were a resident of the U.S or Canada. I said Canada. He said I couldn't have...

Thank You

Thank You. Yes, it is a Cdn return I'm studying but the only source of income would be U.S. So what is net income? Is it income after US adjustments? Also what is meant by "base tax" in the same formula? Example data: US Gross Income convert to Cnd $ = 63,000 U.S taxes on adjusted income: ...

How does one distinguish between "non business foreign income" and "net income". For a U.S. citizen is "net income" the adjusted gross income or income after taking itemized or standard deductionz. what amont do I insert in the foreign tax paid/base tax portion of the f...