Search found 30 matches

by njdude26
Mon Mar 15, 2010 9:03 am
Forum: Canada / United States Tax & Accounting
Topic: 1040 NR/sold IRA
Replies: 7
Views: 5672

is it line 55

is it line 55 for the 10% which the bank has already deducted and i dont need to pay again ?. Also i assume that the tax is from the regular tax table and no flat tax ?

sorry i bumped the other one. it was because i had to get it done by this week.
by njdude26
Mon Mar 15, 2010 9:02 am
Forum: Canada / United States Tax & Accounting
Topic: 1040 NR/sold IRA
Replies: 7
Views: 5672

is it line 55

is it line 55 for the 10% which the bank has already deducted and i dont need to pay again ?
by njdude26
Sun Mar 14, 2010 12:54 pm
Forum: Canada / United States Tax & Accounting
Topic: 1040 NR/sold IRA
Replies: 7
Views: 5672

did some calculations. is this correct ?

For me : 16a and 16b has 12k. line 39 - 3650 (exemptions)
tax line 41 = 12 - 3650 - from tax table look for 8350 . So tax for 41 = 839. 10% has already been deducted. so i sent them a check for $849.

similar calcualation for my wife .
by njdude26
Sun Mar 14, 2010 9:34 am
Forum: Canada / United States Tax & Accounting
Topic: 1040 NR /Stock issues :(
Replies: 3
Views: 3464

Can someone please reply as i need to file this soon :(

Can someone please reply as i need to file this soon :(
by njdude26
Sun Mar 14, 2010 9:34 am
Forum: Canada / United States Tax & Accounting
Topic: 1040 NR/sold IRA
Replies: 7
Views: 5672

Can someone please reply as i need to file this soon :(

Can someone please reply as i need to file this soon :(
by njdude26
Sat Mar 13, 2010 9:09 am
Forum: Canada / United States Tax & Accounting
Topic: 1040 NR /Stock issues :(
Replies: 3
Views: 3464

Re: 1040 NR /Stock issues :(

Based on other posts in the forums, trying to answer this myself :) someone please confirm if this is correct/wrong :( [quote="njdude26"]I was in the US for 10 years till end of 2006. Then i moved to Canada and been here since then. Back in early 2001 i bought shares of sun microsystems. I...
by njdude26
Sat Mar 13, 2010 9:05 am
Forum: Canada / United States Tax & Accounting
Topic: 1040 NR/sold IRA
Replies: 7
Views: 5672

Re: 1040 NR/sold IRA

Based on other answers in the forums. im trying answer my own Qs. If someone can just confirm that will be very helpful. [quote="njdude26"]I was in the US for 10 years till end of 2006. Then i moved to Canada and been here since then. during my stay in the US i had invested in the IRAs. In...
by njdude26
Sat Mar 13, 2010 8:28 am
Forum: Canada / United States Tax & Accounting
Topic: 1040 NR/sold IRA
Replies: 7
Views: 5672

1040 NR/sold IRA

I was in the US for 10 years till end of 2006. Then i moved to Canada and been here since then. during my stay in the US i had invested in the IRAs. In mid 2009, i sold the IRAs. They deducted the 10% penalty on it. For me it was 12k for my wife it was 13k I have a few Qs related to that . Do i have...
by njdude26
Sat Mar 13, 2010 8:24 am
Forum: Canada / United States Tax & Accounting
Topic: 1040 NR /Stock issues :(
Replies: 3
Views: 3464

1040 NR /Stock issues :(

I was in the US for 10 years till end of 2006. Then i moved to Canada and been here since then. Back in early 2001 i bought shares of sun microsystems. I sold them in Oct 2009. Now i have to file my taxes. I changed my address with the online trader only in Feb'2010 :( i have a couple of Qs regardng...
by njdude26
Mon Jan 19, 2009 1:34 pm
Forum: Canada / United States Tax & Accounting
Topic: IRA to RRSP
Replies: 7
Views: 5787

hmm my bank in the US says it will not withhold anything !! they will give me the entire money :) Also the hrblock i was talking about is in canada. why would they say that the 10% penalty can be deducted from my cdn return :((( [quote="nelsona"]HR block has no knowlegde of Cdn returns, so...
by njdude26
Mon Jan 19, 2009 6:49 am
Forum: Canada / United States Tax & Accounting
Topic: IRA to RRSP
Replies: 7
Views: 5787

Thank you for your response. im sorry i dont understand what you mean be , the penalty is supposed to be part of withholding ? also when i talked to HR block 3 months ago , they told me that the penalty i pay can be reclaimed on the cdn return... are they wrong ? i would prefer to keep it in canada....
by njdude26
Sat Jan 17, 2009 5:31 pm
Forum: Canada / United States Tax & Accounting
Topic: IRA to RRSP
Replies: 7
Views: 5787

Re: IRA to RRSP

pleaes note that i dont intend to return to the US. As i will be a canadian citizen next month im settled here... [quote="njdude26"]Im a canadian permanent resident. i used to be in the US from 2001-2006 on a H1 visa. I have about 13k in the IRA there. pr Now i want to withdraw this IRA en...
by njdude26
Sat Jan 17, 2009 5:31 pm
Forum: Canada / United States Tax & Accounting
Topic: IRA to RRSP
Replies: 7
Views: 5787

IRA to RRSP

Im a canadian permanent resident. i used to be in the US from 2001-2006 on a H1 visa. I have about 13k in the IRA there. pr Now i want to withdraw this IRA end of this month. my bank in the US said that i will have to pay a 10% penalty in 2010 to the IRS. What i would like to know is , will there be...
by njdude26
Sat Mar 01, 2008 7:51 am
Forum: Canada / United States Tax & Accounting
Topic: US Non Resident Taxes
Replies: 6
Views: 5343

1040NR or 1040NR-EZ

Which one do i file ? 1040NR or 1040NREZ in this case ?
i have a kid and a wife.
by njdude26
Sat Feb 23, 2008 7:40 pm
Forum: Canada / United States Tax & Accounting
Topic: US Non Resident Taxes
Replies: 6
Views: 5343

so can i do it myself or will i need an accountant to do it ? because i see the 1040NR as a very simple form online pdf...