Serbinski Accounting Firms

Thank again! I am using Turbotax and doing things manually so i learn. She will work 1 month of '08 in Canada then move to Cali and will look for a job here. Why can't we use the $1K carry over on our 2008 return? Isn't this the whole point of carrying over? Do you have a recommendation on how i can...

Thanks so much. I will defiintley search for and read the 1116 threads. 2a. She thinks she owes money (so not refund cash issues). Should i still use the accrue method? It seems like if i use the cash method and she owes money, the FTC will be lower but then the balance will have to be taken next ye...

Thanks again. I went thru the forms again and have generated some more questions :( Hoping you can guide in the right direction without tkaing too much of your time. [i]Some background: I am the USC. Wife is the Canadian citizen. We are choosing to file our federal taxes as 'Married Filing Jointly' ...

Thanks for the reply. Good point about this also being an issue even if both of us were Americans. Since she makes 50K, i am able to exclude all her income on the 2555 and the effect described earlier is still increasing my taxes from say the scenario where she made no money. In one scenario, if I m...

We are in the same situation. I realized that the income exclusion does not result in a zero impact to taxes from the foreign excluded income. I was surprised and wanted to run my finding here. My wife is Canadian. Made $50K I am American and made $100K. I am able to exclude all $50K but the $50K st...