Serbinski Accounting Firms

Thank you, as always, Nelson

Dual Citizen, Canadian resident, Canadian spouse, worked in US beyond 40 quarters for SS.
Spouse has never worked or resided in US.
Spouse will be eligible to 1/2 my FRA amount at her FRA.
She does not have a US SSN nor a ITIN.
Does she need one or both to collect her US SS?
I have been filing MFS ...

USC, Canadian resident, Canadian spouse
Considering at retirement, buying an annuity with my US 401K, with spousal benefits ( benefits paid till death of both parties ).
Looking at this partly because with Fidelity, anyway, with a Canadian beneficiary of 401K, upon my death spouse would have to ...

Just as FYI, Biden signed HR82 January 5th.

If you have a huge CRA amount owing, the CRA will want installments next year.
Which is problematic if you are paying the CRA amount owing from your US Refund.
I believe it's possible to opt in to paying CPP, if you wish, on your Federal return.
EI, well, you'd be eligible under equalization, I ...

Dual citizen, Canadian resident, commuting to work in US, qualify for Medicare
Plan to keep working past 65 ( next year )
Medicare Part A is free, so clearly I sign up for it, if only for emergency coverage while traveling in US.
Part B would cost me about 4K USD a year, since I am still working and ...

I have a similar situation - I am cross border commuter.
My accountant received the review letter requesting transcripts ( this has happened before )
My 1040NR was NOT E-filed, but paper filed, which appears to be reason for delay.
My accountant has submitted my state transcripts, check images of ...

You could use a US Bank affiliated with a Canadian bank.
With TD Bank US and TD Canada Trust, you can link accounts and move money between them via Web banking, for free.

Dual citizen, resident of Canada, commuting to work in US.
Virtually all income is US source.
Was beneficiary & executor of a US estate. The estate was a trust, and the final tax return for the trust generated a K-1 for me,
with a very large deduction.
If I amend my US return to include it, I am due ...

That document at the bottom states Anderson has concluded TFSA's don't require a 3520A and indicates they have discussed this with the IRS.
I would really like to get a definitive answer on this.

Not reporting things to the IRS is generally a very bad idea.

I've never heard anyone recommend that a dual citizen residing in Canada can have a TFSA and not file a 3520.
I would not risk it.

Same. If you are going to reside in Canada, with US sourced income (a commuter?) I would do MFS. It won't cost you any more since Canadian taxes are going to be higher anyway. Adjust your US withholding accordingly.
If you will have Canadian source income, I'd defer to someone like Nelson on what ...

You would save money on US tax with MFJ, most likely, but if you are Canadian resident with primary US income that just lowers your CRA FTC and anything you save you'll just pay to CRA. Plus, do you want your wife on IRS radar? My wife totally refuses.

I'm in somewhat same situation - this is the second time CRA has asked for transcripts. However, the first year they accepted my Federal tax, Social Security, Medicare, and US state tax in the end, after I supplied IRS and State transcripts. I have supplied these again this year and I am waiting for ...