Serbinski Accounting Firms

Thank you so much for your response nelsona!! I have another question regarding capital gain. for example, I bought a stock cost $10/share, When I do transfer to Cdn Broker, it is $15/share and I sell it $20/Share in future in Canada. Which is considered the capital gain when filing Canada tax ? is ...

Thank you so much nelsona! if I need to transfer Stock and EFTs from my brokerage account to a Cdn broker, is the Cdn broker must be in Canada? if I have some gain on some stock and EFTs, does my current broker allow me to transfer the stock and EFT to a broker in Canada without selling them? if it ...

I am a Canadian and I have worked in US since 2007 on TN. I plan to move back to Canada for retirement in 1~2 years. I have 401 (k), HSA and stock broker accounts. what I need to do with my 401(k) and HSA account before I leave US? Thank you very much for your help!!

Hi we filed departure return last year (2008 canadian return). we don't want to file canadian return for 2009. But my wife has 2 bank accounts in canadian bank. One canadian $ account, another US $ account. she got some interests from both account. the bank only withheld some interest from her US $ ...

sorry, I mean my canadian house.

I sold my house on 11/27/2008 and had some gain. Do I need to report the gain on our jointly US 2008 tax return? Because my wife and I file joint return for 2008, even though she ie nonresidence for 2008.
many thanks.

Sorry, there is an error in last message. should be "we need to make statement and sign that we agree NOT to claim any treat benefit." if we select to file jointly

But, publ 519 says if we select to file jointly return. we need to make statement and sign that we agree to claim any treat benefit. this why I want to make sure whether I can check the reason is for treaty benefit on w-7, since we file jointly return, given my wife ' non-residence status.

Do you mean that I should check (a) "nonresident alien requried to obtain ITIN to caim tax treaty benifit" for My wife and son? I checked (e) "spouse of U.S. citizen/resident alien" for my wife and (d) "dependent of U.S. citizen/resident alien" on form. Do you think I s...

my accountant prepared the 2008 us tax return. my wife select to file jointly with me even though she was non-residence. I have a question regarding dependents. the Accountant entered my 2 sons as dependents in 6c on 1040, but "the no. of children on 6c who lived with you " came out as 0. ...

owh, it is too bad if it is considered as 2008 income. I need to pay higher tax on HBP. Can I still file my cnd tax as residence, not file departure return for 2008? and file my us tax as nonresidence?

Thanks. 1) if I select as income, I withdraw 20,000. Is it considered as regular income? or at a higher taxrate? if it is considered as regular income for 2009, it is worth to do that way, because I will not have other cnd income for 2009. Should it be counted for US 2009 tax? 2) I did not request e...

1) I withdrew some RRSP when I first bought my house in july 2006. I suppose to pay back within 15 years begining 2009. What will this affect if I file departure return for 2008 cnd tax? 2) filing a joint return for 2008 US return certainly reduces our US taxrate, we may get some refund from US retu...

But my wife came to us on 11/27/2008, Can she be considered as resident of US to file a joint 1040 with me?

what does it mean to file departure return for canada? it still uses general T1 form?

I have some questions regarding filing US tax this year. My status: I have worked in US since July 2007. My wife and younger son came to US on Nov. 27, 2008 as TD dependants, while my elder son is still in Toronto for high school. I filed my US tax using 1040 NR for 2007. I also need to file canadia...