I've been looking into informal in-trust accounts, explained briefly here at this government site: http://www.canlearn.ca/en/parent/save/findmoney/enc_kids_save/resp/iita.shtml
This answers most of my questions, but I have a few lingering ones:
- For the IRS, is form 3520 required for these kinds ...
Search found 3 matches
- Fri May 25, 2007 5:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Informal In-Trust Accounts
- Replies: 5
- Views: 4346
- Fri May 11, 2007 8:14 am
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8812
- Replies: 2
- Views: 2808
- Thu May 10, 2007 6:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8812
- Replies: 2
- Views: 2808
Form 8812
My spouse and I recently submitted our 2006 statement. I am a US citizen living in Canada. We filed a joint return. My husband's income slightly exceeded the FEIE threshold (mine did not). Bottom line is that we have about $6100 in US "income," though this is handled by regular deductions, meaning ...