Serbinski Accounting Firms

I have to admit, that 1040NR, since it ALWAYS results in over-taxation, is not my strong suit. I think you have the tax treatment of your dividends correct.

I do want to point out however, that all you are reading on IRS website is IRS regulations, which are ALWAYS superceded by treaty, if it is ...

you can't file 1040NR, since you live in US.

You must report your world income on a 1040, you wife CAN join you on that 1040, if she too reports world income. She can exempt her Cdn wages only by Form 2555.

Your wife must also file in canada, as a departing resident.

She will be issued a tax ID ...

As I said, you can volunteer for organizations that typically have volunteers. If your position is typically unpaid, you are fine (it was ven advertized as such).

Red cross volunteers are not paid, and are volunteeers, even though many in that organization have (over)paid jobs.

You are fine.

Since you moved to US, you are considered to have departed Canada (and QC). You file a departure return for canada andQC, reporting none of the US income. Since you report none of the US income, you need no credit for any US tax.

You should have an exemption for yourself, no? You report your dividends on line 10. The 15% is the upper limit of the US tax you could pay. You still calculate the tax normally by including it on your return. Only if the calculated tax was greater than 15% would you invoke the 15% limit. Your tax ...

Please read threads on Form 8891. You must report the EXISTENCE of your RRSP, not the income.

Your RRSP is tax-defferred in canada, not tax-free. You may choose the same treatment in US.

You cannot transfer RRSP to anything without paying 25% Cdn tax. There is no mechanism for taking money from ...

See what I mean? You WERE a US resident, and continue to be so, if you wish.

The important phrse on that page is "unless a tax treaty provides for a lesser rate of taxation". In your case it does, and that rate is '0%', as a non-resident by treaty. (Art. XIII (4)). Only cap gains resulting from ...

Not that I know of.

The treaty does indeed class these workers as Cdn residents. (Art.IV(5))

However, the non-discrimination clause (especially para. 2 which deals with 3rd country nationals) would apply here, if she wanted.

In any event, if the poster does not wish to avail herself of that provision, she would ...

I explained how you report your income: on a 1040, just like everyone else who lives in US!! 1040NR is not for you. As you ahve seen it is disadvantageous, thus you are allowed to file 1040.

If you need instructions on how to fill out 1040, then use software. Just remember to report all your income ...

Yes, it makes sense.

You can volunteer for an organization which normally uses volunterrs, in a position that is typically unpaiud.

For example, you could volunteer for Red Cross, but not in a job that they normally pay for. You couldn't volunteer for your local city hall for example, to do web services, since this is ...

allen, did you complete your Cdn taxreturn? On it you will find all sorts of income,wages, cap gains, dividends, UI, rental and interst.

ALL these incomes are reportable in US/ All of these were taxable in canada too. You DID pay Cdn tax on your interest: it's part of the total tax you paid on your ...

I misspoke above. So long as you are not a GC holder or US citizen, you can exclude the gain on 1040 (in the year you move).
If you wre GC or USC, you do not get any tax benefit, becuase: What tax would you have paid in canada? the cap gains in Canada is based on the value the day you moved back ...

Since you are filing a 1040NR, you can expalin it there.

If you file a 1040, then you can't claim this exemption.