Search found 30 matches

by Skoorb
Sat Mar 10, 2007 7:45 am
Forum: Canada / United States Tax & Accounting
Topic: Renunciation
Replies: 20
Views: 9683

Sorry Turncoat, I didn't mean climate change like the icecaps turning everything into the ocean but rather a political one. Maybe terrorists will start wiping entire nations out or we'll have WWIII or whatever, that kind of thing :)
by Skoorb
Fri Mar 09, 2007 2:16 pm
Forum: Canada / United States Tax & Accounting
Topic: Renunciation
Replies: 20
Views: 9683

Though quite unfamiliar with the tax problems you're going through (I can imagine!), unless you're really old or you just bought your dream house in Canada and would never, ever consider leaving it, I would personally put up with the difficulty each year for the flexibility of being a dual citizen. ...
by Skoorb
Mon Mar 05, 2007 8:02 pm
Forum: Canada / United States Tax & Accounting
Topic: Cash gift to Canada.
Replies: 6
Views: 3081

Thanks, all. I posted in the TN thread but it isn't necessarily on topic with this one. I received a cash gift from a Canadian person (not a trust) for less than $100k in 2006 and did not file the 3520. I know it's not taxable, but IRS still requires this to be filed if it's more than $10k or if it'...
by Skoorb
Mon Mar 05, 2007 4:50 pm
Forum: Canada / United States Tax & Accounting
Topic: Cash gift to Canada.
Replies: 6
Views: 3081

Helpful as always. More specifically, do I need to make 4 X $10,500 transfers, or since my wife and I are married, can I do 2 X $21k? I've found slightly differing wording on various websites. Also, the bank account here is in both of our names, though I guess a wire transfer has a sender's single n...
by Skoorb
Mon Mar 05, 2007 11:14 am
Forum: Canada / United States Tax & Accounting
Topic: TN Resident Status
Replies: 6
Views: 3162

Sorry to post again, but editing is not possible and it's still on topic for the thread :) Most links are saying that in 1996 a law was enacted to require on form 3520 reporting of a gift from a foreign person to a US person if that amount went above $10k, even if it's not taxable, otherwise major, ...
by Skoorb
Mon Mar 05, 2007 11:00 am
Forum: Canada / United States Tax & Accounting
Topic: TN Resident Status
Replies: 6
Views: 3162

Oh heck, I just efiled last night and now I see this: http://www.allbusiness.com/marketing-ad ... 982-1.html I guess I have to ammend the return now. grr.
by Skoorb
Mon Mar 05, 2007 10:58 am
Forum: Canada / United States Tax & Accounting
Topic: TN Resident Status
Replies: 6
Views: 3162

[quote]Threr wil be no tax on your gift. IRS likes to make sure that they know where your off-shore money is coming from.[/quote] Is there even a need to report the gift, then?
by Skoorb
Mon Mar 05, 2007 9:20 am
Forum: Canada / United States Tax & Accounting
Topic: Cash gift to Canada.
Replies: 6
Views: 3081

Cash gift to Canada.

1) Hi! Kind of a reverse of a post from a few months ago, but I need to give about $42k USD to my parents in Canada. Obviously, it's incumbent I avoid any tax issues with this. I planned on giving $10.5k to my father, $10.5k to my mother, and then having my wife give $10.5k to my father and $10.5k t...
by Skoorb
Mon Dec 25, 2006 2:16 pm
Forum: Business & Personal Immigration to Canada
Topic: Which border crossing at Buffalo for an expeditious crossing
Replies: 2
Views: 4443

I keep getting emails telling me this topic has been updated, but when I click the link it tells me the topic doesn't exist. Further, there are no responses visible here. In any case, having gone to toronto a few times now, I'm under the impression that Lewiston is a great place to go when entering ...
by Skoorb
Thu Nov 02, 2006 3:06 pm
Forum: Business & Personal Immigration to Canada
Topic: Toronto Star: Giving immigrants `the business'
Replies: 1
Views: 3862

An interesting, if terribly written article. Where is the dissent? Did the author even interview anybody besides immigration lawyers? Who can say that the number of business-class immigrants coming to Canada has dropped because of processing times and not because of other factors? Maybe their countr...
by Skoorb
Wed Nov 01, 2006 10:23 pm
Forum: Business & Personal Immigration to Canada
Topic: Any problem using a new country's passport?
Replies: 4
Views: 5284

Thanks, Nelson. Helpful as always. My birth cert is for England. The only CAN identification I have is the expired passport and CAN citizenship card, both with the new passport app, plus a really old expired CAN passport still in my possession. I have a SIN card and an expired provincial healthcare ...
by Skoorb
Wed Nov 01, 2006 3:39 pm
Forum: Business & Personal Immigration to Canada
Topic: Pointer to new arrivals
Replies: 1
Views: 3832

Glad it's working out for you and, as with so many things in life, it's a few naughty people who ruin and make far more difficult the process for everyone else.
by Skoorb
Wed Nov 01, 2006 3:37 pm
Forum: Business & Personal Immigration to Canada
Topic: Any problem using a new country's passport?
Replies: 4
Views: 5284

Any problem using a new country's passport?

I'm in the US as a permanent resident and I've only ever used my Canadian passport to go in and out. I also used photocopies of it to support my green card app a couple years back. My CAN Passport is being renewed and I'd like to leave for a couple of days. Is it perfectly ok to use my UK passport t...
by Skoorb
Sat Oct 28, 2006 9:26 pm
Forum: Business & Personal Immigration to Canada
Topic: Which border crossing at Buffalo for an expeditious crossing
Replies: 2
Views: 4443

Which border crossing at Buffalo for an expeditious crossing

Now that we're living in Rochester, NY, we're hoping to make trips to Southern Ontario a frequent occurrence. Which of the four border crossings is the best for a quick transit? Some friends visited today and crossed the border at lunch time (Saturday) from Canada and found the wait into the US abou...
by Skoorb
Fri Oct 27, 2006 8:12 am
Forum: Canada / United States Tax & Accounting
Topic: Cash gift from Canada
Replies: 4
Views: 2165

Thanks, both of you!