Search found 10 matches

by orillia4
Sat Apr 02, 2005 11:22 am
Forum: Canada / United States Tax & Accounting
Topic: Form 8891 questions here please!!!!
Replies: 174
Views: 90474

<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 (which...
by orillia4
Fri Apr 01, 2005 1:27 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 8891 questions here please!!!!
Replies: 174
Views: 90474

<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... a...
by orillia4
Sun Mar 13, 2005 11:23 am
Forum: Canada / United States Tax & Accounting
Topic: Form 8891 questions here please!!!!
Replies: 174
Views: 90474

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 w...
by orillia4
Sat Mar 12, 2005 10:40 pm
Forum: Canada / United States Tax & Accounting
Topic: Form 8891 questions here please!!!!
Replies: 174
Views: 90474

So do we assume now that the 8891 form is available we should submit it with our return?
by orillia4
Fri Mar 04, 2005 12:17 am
Forum: Canada / United States Tax & Accounting
Topic: Please read/post about RRSP in US Here!!!
Replies: 59
Views: 33943

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...
by orillia4
Thu Mar 03, 2005 1:17 am
Forum: Canada / United States Tax & Accounting
Topic: Where is Foreign Interest Income Taxed?
Replies: 8
Views: 4955

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?
by orillia4
Wed Mar 02, 2005 9:48 pm
Forum: Canada / United States Tax & Accounting
Topic: Please read/post about RRSP in US Here!!!
Replies: 59
Views: 33943

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)
by orillia4
Wed Mar 02, 2005 3:03 pm
Forum: Canada / United States Tax & Accounting
Topic: Please read/post about RRSP in US Here!!!
Replies: 59
Views: 33943

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?
by orillia4
Wed Mar 02, 2005 2:49 pm
Forum: Canada / United States Tax & Accounting
Topic: Please read/post about RRSP in US Here!!!
Replies: 59
Views: 33943

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


Rich
by orillia4
Wed Mar 02, 2005 2:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Please read/post about RRSP in US Here!!!
Replies: 59
Views: 33943

<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 aggregately ...