Search found 8 matches

by cmyk
Mon May 17, 2010 4:20 pm
Forum: Canada / United States Tax & Accounting
Topic: Abandoned GC this year, can I file 1040NR for last year?
Replies: 1
Views: 1779

Abandoned GC this year, can I file 1040NR for last year?

My wife and I are Cdn citizens with US GreenCards (obtained in '05) who moved back permanently to Canada in 2008. I was contracted by a US company for all of 2009, was self-employed for all of '09, and have already filed '09 Cdn taxes and paid the CPP/Self-Employed taxes. From what I've read, as US ...
by cmyk
Fri Jul 17, 2009 4:02 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax benefits of giving up Green Card
Replies: 5
Views: 4295

Regarding the CA taxes... I read in some California tax code a while ago that it's very aggressive when assigning "resident/non-resident status", so even if one has moved away they still may consider it temporary if there are enough links back to the state (drivers license, bank accounts, ...
by cmyk
Fri Jul 17, 2009 11:22 am
Forum: Canada / United States Tax & Accounting
Topic: Tax benefits of giving up Green Card
Replies: 5
Views: 4295

Tax benefits of giving up Green Card

I'm a Canadian citizen with a US green card (obtained in 2005) who moved back to Canada September 2008. I work as a freelance contractor for a US company and filed Canadian as well as both US Fed and California State 2008 taxes. My wife and I have no plans of moving back to the US since all our fami...
by cmyk
Fri Apr 03, 2009 2:27 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian with GC moved back to Canada - dual status?
Replies: 9
Views: 5501

So my big question now is about the U.S. 1040... To review - my wife and I (both US GC holders), moved back to Canada from the US last September 08. Since that point I've been working as an independent contractor for a US company. The US company that contracts me, sent me a 1099-MISC for work I perf...
by cmyk
Mon Mar 09, 2009 2:05 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian with GC moved back to Canada - dual status?
Replies: 9
Views: 5501

------------- "1. Incorrect. As GC holders your MUST ALWAYS file 1040 reporting world income. Always. To file a 1040NR is a violation of your GC, and is grounds for revocation. But, even if you did not have GC, in the year you leave US you have a choice to file fullyear 1040. This --although it...
by cmyk
Fri Mar 06, 2009 1:17 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian with GC moved back to Canada - dual status?
Replies: 9
Views: 5501

Understood, thanks Nelson!!!
by cmyk
Fri Mar 06, 2009 11:35 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian with GC moved back to Canada - dual status?
Replies: 9
Views: 5501

Thanks for the info, this forum really is invaluable!! :) RE #3 - So won't I be double-taxed then? If in the upcoming years I always file a U.S. 1040, declaring the income and deductions, plus I always file a Cdn tax return declaring the income and deductions, where does the Tax Treaty come into pla...
by cmyk
Thu Mar 05, 2009 10:17 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian with GC moved back to Canada - dual status?
Replies: 9
Views: 5501

Canadian with GC moved back to Canada - dual status?

My wife and I (both U.S. GC holders) moved back to Canada last September 2008. We both have U.S. income from before we moved. I have Canadian income from working for a Canadian company for the month of September. In October I started my own business in Canada and have only had business income as an ...