Serbinski Accounting Firms

thank you so much for your response Diskdoctor! And to everyone who's contributed to this wonderful site...THANK YOU!!!

Great job hapless!! I've been reading the instructions on form 3520/A and hoping I'd be able to figure things out on my own. I'm so happy you've done all these research and giving us the guidelines to easily fill out the form. Thank you so much!!! I do have a few questions...hoping someone would hav...

Hi, US Citizen and Canadian resident [employer is a wholly owned subsidiary of a US company] Based on what I've read so far, the employee discount portion of an ESPP is included in Canada as income and is taxable on the year it was exercised. What happens then when I sell the stock in the future? Wi...

Brief intro: I work for a Canadian company that is 100% owned subsidiary of a US company. I am a Canadian resident and a US Citizen. I’ve read that ESPP employee discount is treated as ordinary income and is included in box 1 of T4 which is taxable in the year that the stocks were purchased…even...

[quote="nelsona"] Canada gives no tax credit for US-sourced investment income, except for upto 15% for dividends.[/quote] oh, so I should have claimed that credit for my US dividends, is this correct? which line in the Canadian tax form does it go to? I read the instructions on Form 1116, ...

Thanks for all your replies...wow, there's been a lot going on in this thread...a lot of the terms are way over my head... :lol: [quote="nelsona"]You should be using Form 1116 either instaed of 2555 or in conjunction with 2555.[/quote] how do I use Form 1116? what should be reported on thi...

Hi All, I am a US citizen and a Canadian resident working in Canada for a wholly owned subsidiary of a US company. Can someone help me figure out which forms I need and what I should do for next year’s tax return filing? I've tried doing my own returns for the past 2 years and always ended up owin...