Serbinski Accounting Firms

Unlike the US reporting requirements where you need to report bank accounts if in total is is more that $10K if you even just have signatory rights, The CND T1135 will only ask you to report if your share is over $ 100K meaning signatory does not count only if its your own money ( who's cash was it ...

Your CPA obviously is not a cross border advisor, get someone to file the sch 91 for you the general Article is the one that deals with elimination of double taxation Art XX1V this should cover you for your purposes , again if you do not file a T2 you will not get back the tax paid to CRA so you ...

Under the treaty you can file a full 1040 in the US but you must declare your world income not just the prtion while you were in the US this is allowed to CND und the US Canada treaty.

yes looks like yiu have most of the required forms it of course depends on your actual situation but this should cover it

TFSA are not tax free in the US any income they generate will be subject to US tax unlike the tax shield they enjoy in Canada, FBAR form are not for paying tax they simply record tha fact that you have foreign accounts of which tfsa MAY BE ONE OF THEM YOU STILL HAVE TO FILE AND PAY TAX ON THE INCOME ...

No they have not it was not part of the June 2014 package that introduced the new OVDI package and penalty relief to apply if you made the disclosures up to August 2014 under the old rule of penalty at 27% vs the new 50% penalty .

The foreign passive income elections afforded to p[eople like the ...

your green card was revoked to me that is final proof you are no longer a green card holder you should not have to file in the US.

THe estate will still be considered to be CND resident if only one beneficiary who may or may not also be an executor is a US resident. Only if the testamentary trust had trustees or executors who were living outside of Canada then the trust is deemed to be non resident this case its Canadian her ...

If your intent is to return then you are technically a CND resident still and should be filing all along a T2 since you say you never gave up yur residency have ties still in Canada like a home. You do not file a departure return if you are a deemed resident its only if your saying you have left for ...

YOu are not a USC only held a green card till it was revoked, your fine as far as IRS is concerned you do not have to file anything if you have no US income to report to them which you should not if you are in Canada now in LA BELLE PROVINCE, bienvenue .

THe H&R block guys will be only doing your US return that means you will be either filing as a full year resident showing all your income on a full 1040 as allowed under treaty with your wife a joint return or part yr return you have to see which is best the full joint should be best.

For Canada ...

When you left Canada you were suppose to inform the insurance comp that you became a non resident. The value at that time was the new cost basis to you in the US. The annual income earned by the policy may have met the exempt accrual ruoles in Canada but should still have been reported to the IRS ...

Your corp activities is what determines whether or not you need to file a 1120F not the US control percentage. The US shareholder who owns at least 10% of the CND corp must file disclosure statement to the IRS and must pick up his personal share of income and include it on his 1040 if any income ...

your tax filings will be determined on the basis of your work performed for the client regardless of the agents involment. Your TN visa will be required to be mentioned as the basis of your 1120F filings the TN number and issuance date this i validatesa basis of your work in the US so it will allow ...

The reporting requirements are quite involved especially since you are a dual citizen for US purposes you must always pick up the income even if it has not been distributed to you. Your wife could own it but the question will arise that has earned the income or not, if she were to take the income as ...