Serbinski Accounting Firms

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by nelsona</i>

The instructions clearly state that even if you used 'other' elections in the past (even RP 89-45), they are not equivalent to RP 02-23 ...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by nelsona</i>

The 8891 form states that the year to put is the fist year you elected 02-23, regardless of what you did previously.


<i>nelsona non grata ...

What is the purpose of line 6C on form 8891? In my reporting of RRSP's to date I have mentioned the Article XVIII(7) but have never used the RP 02-23 text in my reporting. I have used a letter I received from an accounting firm many years ago.

For any previous years where the RP 02-23 was not used ...

So do we assume now that the 8891 form is available we should submit it with our return?

Question on amending returns... How far back can you ammend with respect to the RP 2002-23? I have read if you're amending your return because of a bad debt or worthless security, then you generally have seven years after the due date of the original return to file the amended return. Otherwise it's ...

I received a distribution on a mutual fund statement (non-RRSP) for tax year 2004 (re-invested). Do I need to file the 3520 form?

Thanks for the feedback! Just a clarification on the Rev Proc 2002-23 procedure when e-filing. Do I need to file a 1040X with the Rev Proc 2002-23 or just send in the Rev Proc 2002-23? (I understand about the new form 8891, if it is released)

If I collapse my RRSP's in Canada is the tax limited only to 25% as well as any fees charged by the financial institution?

Why are you suggesting moving your RRSP's to TD Waterhouse of Canada? Is there specific advantages with TD versus others?


Rich

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by nelsona</i>

Remember, you have two issues here:

(a) reporting foreign accounts. If you have foreign accounts that at any time in the year are ...