Serbinski Accounting Firms

Hi Nelsona, As tax season approaches, I am looking at options for filing my US and Canadian tax returns. Am considering engaging a professional to help me with this. Are you available to help with this? As you are already well aware of my situation based on our posts over 2009, would you be able to ...

conversion done! I'm ok...

Can't believe I waited this long to do the conversion, but here is a question resulting from how long I waited: I put in the request to convert the SEP-IRA to Roth this evening. I was told that the conversion will take place either on either Tuesday or latest on Wednesday. I am worried about one thi...

Nelsona, I'm in the final stages of the move back and wanted to check something with you. Have been doing some research over the past few hours on taxes. 1. You mentioned that I would be safe under the $100k income limitation for Roth conversions if I file 1040NR and then separately file my Canadian...

thanks for looking into it. I know you mentioned that filing 1040 is typically beneficial so I suppose I would have to weigh that against benefit of getting a roth conversion in case there are differences in the limit when filing dual status. you mentioned in an earlier post that the 1040NR tax rate...

I meant the paycheck would be on jun 30 - two days after leaving.

Thanks, understood. Have a few more questions on the Roth IRA and about my general situation. I will be leaving the US on June 28, which is also the day when my apartment lease ends. I will begin working in Canada in mid July. In between, I will be flying straight from US and going on vacation. So I...

Got it. So since I will only be earning Canadian income after moving to Canada, even though I can deduct my moving expenses to Canada on my US return, there will not be any corresponding US income against which I can make the deductions.

Too bad my new employer won't be paying for moving expenses...

Hi, Just to clairify this: so moving expenses to Canada from the US are only deductible on the US return? You mentioned that they are deductible only if I earn income afte rthe move - does this include Canadian income? I will no logner be earning income from a US source after the move. Am just a bit...

THank you very much for answering so quickly. Very helpful as I begin making preparations for the move. Two quick questions: 1. You mentioned not to convert US to Canadian while still in the US. Is there a specific legal/tax reason not to do this? Hoping to convery sooner rather than later in case C...

One more question - what about moving expenses? Will these be deductible on my Canadian return? I suppose there is guidance on the CRA website, but anything I should be careful of? Anything I should start thinking about a few months before my move (saving certain types of receipts, etc)? What if I b...

Hi, I will be moving back to Canada from the US after having lived here for about 3 years. I would appreciate any advice people on this board have on what I should be doing to navigate the tax waters safely. Some background: I have been a TN Visa holder. I am unmarried and own no property in the US ...