Serbinski Accounting Firms

Thanks Nelsona. I understand, there is no advantage to converting an IRA to an RRSP as an American that moves to Canada. What about if you are a CDN citizen repatriating? What are the implications of doing this?

Maybe this has already been covered elsewhere in this forum but I will ask again at the risk of being flamed. As a returning Canadian citizen, are non-penalty IRA distributions taxed by IRS or only by Canada?

Thanks

This all real interesting. Can one apply the FEIE rule after the fact? In other words can this be done on a 1040X. My accountant told me that one cannot declare a treaty position (which you need for FEIE)once the tax year is passed. Do you guys agree?

Nelson, Based on your judgement that 72(w) applies only to company pensions, thus making them ineligible to establish basis and making them 100% taxable, I believe I made a GREAT choice by opting to roll my DB plan into a LIRA when I quit my CDN employer and moved to the US. I believe now I have a l...

I am a Canadian citizen livng and working in the US for 3 1/2 years. My daughter attends univesity in Canada and I pay for her tuition. She is considered a resident in Canada for tax purposes so she gets the appropriate tuition tax receipt for her taxes. Her income is not enough to take advantage th...