Serbinski Accounting Firms

I see what you are saying. It is the adjusted cost base. isn't it? Meaning everytime there are distributions which get re-invested, the cost gets adjusted. Basically it is not what I paid for them initially, it is the adjusted cost as of Jan 01, 2005. Correct?

Yes..thanks much again. I have copies of all statements as of Jan 01, 2005, the year in which I became U.S resident. I will mail the 1040X and 8891 and have my fingers crossed. Looking at the posts where everyone has successfully back filed 8891, I feel encouraged. Then I read HarveyC post saying hi...

I have not received any check. Everything is inside RRSP and I do not plan on cashing them in near future. By distribution, I am referring to the capital gains distribution and interest income of some sort (within my RRSP, 20% of the money is in some type of GIC which paid some interest last year) w...

Nelsona, I have another question about filing 1040X and 8891. In 2006, I received about $200 of distribution on the RRSP I am including on 1040X/8891. I put on 8891 (Line 7a) $200. Then it says I should put it on line 16a on my 1040. Looking at 1040X, there is no means to amend line 16a of 1040. How...

You probably figured this out by now, but in case you are interested: Along the lines in which Nelsona pointed out, you probably do not have a W-9 form filed with your broker. Even if your money is in an RRSP, if the fund is somehow managed (back office perhaps) by a U.S bank, any distributions your...

Thanks Nelsona. I appreciate all the help and great service you are providing to the people on the forum. I read lot of posts related to 8891 and I did not see an answer specific to my question. I am about to mail 1040X and I did not want to do anything silly like not filling out the fields I am sup...

Nelsona, Thanks. Please answer the following. If you are tired of me asking too many questions, just provide "yes" or "no" answers. 1. With regards to 1040X - besides writing names, SSN, address etc, the only other thing to do is to write "I am amending my 1040 to add Form 8...

Nelson, I am looking at 1040X to back file 8891 forms for years 2005 and 2006. I have filled out the 8891 forms. With regards to 1040X - besides writing names, SSN, address etc, the only other thing to do is to write "I am amending my 1040 to add Form 8891, with no changes to income, credits, o...

On the TDF 90-22.1 form, Box 26 "Does the filer have a financial interest in this account" - The account in question is a joint investment account I have with my wife in Canada. I am not clear on the differece between financial interest vs signature authority. The account is set up such th...

Thanks. Sorry to keep repeating myself. Could you point me to a section# in the US-Canada treaty which says this? Thanks.

Nelson, Thanks for the reply. I was also saying that I heard Canadians are NOT required to file a 1040-C. You confirmed that is the case, but with a qualifier "It doesn't matter to which country you go, as long as it is a treaty country" I am in the US on a TN visa and I plan on relocating...

1. Is Sailing Permit same as 1040-C form? 2. I read somewhere that Canadian citizens are not required to file a 1040-C. Is that correct? If so why? 3. Assuming a Canadian citizen is not required to file a 1040-C, is it the case when a Canadian citizen who is a U.S resident is permanently leaving the...

Nelson, I have seen many posts on this site where people were able to successfully back file 8891's. However it seems they were not aware of 8891 and did not file for many years and once they found about it, they went ahead and back filed 8891's. In my case, I was aware, but I did not realize I had ...

I have filed 8891 with my 1040 for the last two years. But recently I realized I have a second RRSP account which I completely forgot about. I plan on including it on the 2008 return and also file 1040X for 2005 and 2006. If I had filed 8891 for this second RRSP account along with my 1040 in 2005 it...