Search found 8 matches

by nmgc
Tue Dec 08, 2009 2:17 pm
Forum: Canada / United States Tax & Accounting
Topic: Filling requirement for Canadaian with GC
Replies: 19
Views: 14316

The IRS p591 says that "If you are treated as a resident of a foreign country under a tax treaty, you are treated as a nonresident alien in figuring your U.S. income tax. For purposes other than figuring your tax, you will be treated as a U.S. resident.". The last sentence from the citatio...
by nmgc
Tue Dec 08, 2009 1:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Filling requirement for Canadaian with GC
Replies: 19
Views: 14316

Becasue I am taking a position that I am not resident for tax purposes but this does not save me from all other obligations for 'U.S. person: A citizen or resident of the United States' as I am a GC holder still until I get I-407 paper signed. Do you suggest that reporting requirement as per 5471 an...
by nmgc
Tue Dec 08, 2009 1:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Filling requirement for Canadaian with GC
Replies: 19
Views: 14316

Suppose that I take a US-Can treaty-based position and file 1040NR along with 8833. I hold 100% in Canadian corporation since 2008 and so this position would exclude business profits from double taxation. I will have to file 5471 and T F 90-22.1. However I hold 100% in foreign corporation since 2005...
by nmgc
Mon Dec 07, 2009 2:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Filling requirement for Canadaian with GC
Replies: 19
Views: 14316

I mean paid help of course... send me a PM if possible.
by nmgc
Mon Dec 07, 2009 1:45 pm
Forum: Canada / United States Tax & Accounting
Topic: Filling requirement for Canadaian with GC
Replies: 19
Views: 14316

Tanks to both of you guys, nelsona and JohnSt. In case I need a hand on the fillings who should I contact?
by nmgc
Mon Dec 07, 2009 1:09 pm
Forum: Canada / United States Tax & Accounting
Topic: Filling requirement for Canadaian with GC
Replies: 19
Views: 14316

Okay, but if I do first the filling the form 1040NR page 5 item F questions whether I give up LPR this year. I would have to say No although for 2008 my intention is to give it up. Other then that I agree with you.
by nmgc
Mon Dec 07, 2009 12:39 pm
Forum: Canada / United States Tax & Accounting
Topic: Filling requirement for Canadaian with GC
Replies: 19
Views: 14316

Why you suggest filling before renouncing? Because they may question whether I fulfilled all my filling obligations or because they may report me to irs before I take proactive steps to file? AFAIK, I should send a copy of the my completed and stamped I-407 together with the other filling forms to i...
by nmgc
Mon Dec 07, 2009 6:20 am
Forum: Canada / United States Tax & Accounting
Topic: Filling requirement for Canadaian with GC
Replies: 19
Views: 14316

Filling requirement for Canadaian with GC

The Greatest Cross border tax issues forum I've seen. I am a Canadian resident/citizen who got a green card in 2005, although I have never lived in th US. Didn't file any US return so far though. Now, I want to get in compliance with the filing requiremtents and at the same time to relinguish my GC....