Serbinski Accounting Firms

I could be wrong, but I'm fairly certain you will only be taxed in the USA and it is treated as Social security for tax purposes. If you had had rrif income, that would have a withholding tax and therefore you could use a foreign tax credit as not to pay double tax.

[quote=nelsona post_id=530977 time=1727959938 user_id=30] No. PA follows what is on your IRS tax return, other than specific additions exclusions that they might have. Those additions and exclusions. if any would be clearly spelled out in that tax guide. [/quote] So they don't tax yearly gains withi...

This is interesting because im from PA and might want to move back. I couldn't find much specifically on anything rrsp related. I do see PA says it does not follow us tax treaties for income. Clearly i would list any rrsp withdrawals as income. It would be hard or near impossible to track income wit...

Just an update to this situation. If I go over the 250k usd exemption is there a way to transfer my 50 percent to my wife without incurring a tax hit? I see the IRS gift tax is 185k for the year 2024 for non usa spouses indexed, but that would technically include the 250k usd exemption plus the 185k...

I know there is a 250k usd exemption, the question is do I divide the capital gain by 50 percent since I own half the house? So I make 300k, do you report 150k?

Thanks,

So we are leaning that the TFSA is not a foreign trust anymore? I know it was a firm yes up to a couple years ago when some professionals stated that it was not and don't consider it as such. Are professionals receiving less pushback from the irs regarding that account in not filing the 3520 forms?

I efiled for the first time last year with Taxact. I got the 600 dollar stimulus refund. Fast forward to this year and everything is filled out the same etc except for the refund and now it won't take my efile due to this error. This return does not qualify for e-filing. To qualify for e-filing, you...

Well I filed my taxes electronically for the first time with Taxact. Return was accepted and I could check on my refund which they said was mailed out on April 28th. After that date if I go to check the status it says information does not match. It is one month later with no refund check and no way ...

An online account? It is telling me since my address is foreign I cannot register for an online account to see my file.

Due to the issues of a lost refund. I figured I sign up for the account, but once I put my Canadian address it flagged me for being unable to register. Sheesh why even list other countries if you won't be able to create an account. This is frustrating beyond all means.

It's meant to say Lose your status

I filed my tax return electronically with Taxact in early April and it was accepted on April 13th with a 600 dollar refund. I tracked the refund until it said it was mailed out April 28th. It's been a month and when I use the irs2go app and website it tells me my information does not match please re...

I'm asking because I have been in Canada for years as a PR and I'm still using my bank with my parents address. Eventually, when they sell the house etc can I still keep my account even though my address is in Canada? Has any expats had any luck with a particular bank? I'm with citizens now. Can't s...

I hate filing paper taxes every year and then have to pay 40 bucks for registered mail. I tried using Taxact I think a few years ago but it had issues with my foreign address. I have a fairly simple return 1040 and a few schedules and form 2555. Has the tax software caught up? Can I file online with...

Thanks Nelsona, i thought that was the case. I put my wife as a NRA on my 1040. I just file myself.