Serbinski Accounting Firms

Thanks! But I asked IRS but the rep told me I can't because it's not taxable income in 2007. He said the FTC or FTD are meant to prevent double tax. Since I didn't pay US tax on that canadian income I cannot deduct it either. It is a little different from RRSP collapse which you will pay Canadian ta...

[quote]This is a popular misconception. In fact, there is no need for any connection between the foreign INCOME tax and the US tax, as clearly stated in the the criteria for an eligible foreign tax.(from Pub 514) 1. The tax must be imposed on you. 2. You must have paid or accrued the tax. 3. The tax...

Will they go after me in USA for $5000 tax debt? it's difficult for me to fight with CRA from USA, and vice versa I think. But the problem is 9% compounding interest if CRA doesn't let it expire.