Serbinski Accounting Firms

I have searched high and low but there doesn't seem to be a consensus on whether to report on either FBAR or FATCA (if one is mandated to do so under reporting requirements) if the coins/tokens are NOT held in a foreign exchange but instead held personally, offline, such as a printed wallet or a har...

[quote="CdnAmerican"]I had a personal experience similar to this one. I backfiled several years of 8891's and attached the corresponding 1040-X for each year. I had no problems with the submission - no audits or penalties. My explanation was basically that I had not heard of these forms pr...

Would she need to send a letter of explanation with her amended FBARs explaining why the accounts weren't reported?

[quote="nelsona"]She can do these herself. The accountant is merely saying that it would not be worth paying him for her to do this, but she should be compliant.[/quote]

The accountant actually told her not to worry about backfiling because the amounts were so little.

A good friend is a U.S. citizen living in Canada with two RRSP's that have under $100.0 in them. She files her U.S. taxes. Her tax advisor recommended to become compliant that she not backfile her 8891's but start reporting in 2011 tax year because she would not owe tax in any year (going back six y...

I had to withdraw $ from US IRA account. I'm US citizen living in Canada. Can I get a credit in Canada for the $ I paid to IRS?

Is there anyone qualified in this field to answer?!

I know this is complicated but here goes: I am a dual citizen (US/CDN) resident of Canada. A relative just passed away in the US-- I am one of 3 trustees of a small trust (about 800K in assets) that includes real estate. The trust will likely be split and liquidated over the next few years. I know t...