Serbinski Accounting Firms

What are the implications for the worker if the firm pays them as a US employee when they live and work in Canada? In this particular case taxes have been paid to both the US and Canadian governments for several years.

2 comments: Cuba: This page from the US State Department (http://travel.state.gov/travel/cis_pa_tw/cis/cis_1097.html) indicates even with Canadian passports our kids cannot go to Cuba without incurring some risk. eortlund: We used the kids Cdn Citizenship cards to cross the border only once, when we...

I realize this is moving away from tax issues, but is there any reason to get a Canadian passport for the kids if they are US born and now living in Canada? In my case we have US passports for the kids (used for all border crossings) and Canadian Citizenship cards, but no Canadian passport. My wife ...

I am a Canadian who worked in the US for 15 years (TN and H1 only) until a recent and permanent move back to Canada this summer. I am filling out Form 1040X in order to submit Form 8891 for the years 2005-2010. For Line 6a on the 2005 return, I assume I need to indicate NO for any previous election ...

"the entire 401(k) fully taxable in canada forever" nelsona, I would like to make sure I am not misinterpreting your statement. I thought the 401(k) [and 403(b) and 457's etc] were tax-deferred in Canada much like an RRSP - taxable only in the year the income is realized. Did I get that wr...

When you say "paying you as a Cdn employee" what does that mean? Will the human resources folks need to be aware of and follow Canadian payroll laws?!? In my case, we are moving back to Canada and looking into whether I can remain as an employee of my US Institution. In this case I would b...

Related Question: Announcement 2010-16 (http://www.irs.gov/pub/irs-drop/a-10-16.pdf) states: "The requirement to file an FBAR due on June 30, 2010, is suspended for persons who are not United States citizens, United States residents, or domestic entities." My spouse and I have been on H1 a...

What is an "OAS clawback"?

Two questions:

1) Is it safe to assume when we talk about converting to a Roth IRA we can do this from a 403(b) or 457?

2) Can a conversion to a Roth IRA done in 2011 be fully deferred to 2012?

Regarding the 15% flat tax rate on the 1040NR. I just downloaded the 2009 1040NR and I see in the tax table (p. 88), for a taxable income of $99,999 married filing separately the tax is $22,125. But that is not 15% - how does one get the 15% rate?

Several years ago I recall reading about a reciprocity treaty between the US and Canada regarding either OAS or Pensions. Which one does it cover and how does it work in practice? I seem to recall time worked in the US could be credited toward the CPP(?) in Canada. Does this also help with OAS?

We are a Canadian couple in our 40s working in the US for almost 15 years on TNs and H1s (no green cards) and 2 young children born in the US. We are now making plans to move back to Canada within the next two years and we have some flexibility in timing for tax/financial planning. I have seen posti...