Serbinski Accounting Firms

I am a Canadian citizen living in the US with a US citizen wife. I own an RRIF in Canada that was transferred from an RRSP a few years ago. I entered the US in 1993 and the RRSP was open at that time. Based on the valuable advice on this website, I've been taking 10% out of the RRIF every year ...

Thanks for the help.

I’m looking for advice on how to report an RRIF withdrawal on my US return in a situation where there has been significant currency fluctuation. Assume that I have filed the appropriate tax forms each year to defer the gains in the RRIF.

Hypothetical example: Let’s say I emigrated from Canada ...

Here's another turn I have to deal with ... my ex-wife does not want to cooperate in signing the bottom of the 1040X forms for the years prior to our divorce. Even if she did, she has changed her name since then so that her current legal signature would be different than the one on the original ...

Sorry, I didn't state it very well in my last post. What I meant was when I withdraw from MY account to give her the split, I'm going to first withdraw the income earned during my US residency before withdrawing from the original contributions.

eg. Balance when entering the US was $50K. Balance at ...

Thanks Nelson for the info. I do know about the post-US arrival reporting of gains and I was wondering if I could "assign" all of the gains to my ex as her share of the account. It sounds like I can.

But Form 8833 is a nightmare. I'm not at all sure what this form is telling them. Am I going to ...

I have just found out through this forum about the RP 2002-23 requirement and that I need to file a 1040-X for past years. I'm in the process of writing up the letter attachment.

One question: in one of my years, the balance drops by about 60%, partly due to a bad market year, but mostly because I ...