Search found 5 matches

by warmweather
Fri Dec 17, 2010 11:52 am
Forum: Canada / United States Tax & Accounting
Topic: American in Canada - Self Employed
Replies: 1
Views: 2113

American in Canada - Self Employed

This is a great forum so I wanted to share what I have learned in the past few days. As a dual american and canadian citizen, living in Canada, you have to file US income taxes. If you are self employed in Canada, and paying Canadian taxes, there can be a headache involved because you obliged to pay...
by warmweather
Thu Dec 16, 2010 1:36 pm
Forum: Canada / United States Tax & Accounting
Topic: Need to File Previous retruns with IRS
Replies: 8
Views: 4976

thanks again. the guide you are referring to, is that the 1040i (guide) for the specific year in question I am getting the feeling that you reccomend not using the 2555 and instread go the tax credit route, via 1116. Any thoughts? (obviously it depends on each situation, but considering my taxes are...
by warmweather
Wed Dec 15, 2010 10:39 pm
Forum: Canada / United States Tax & Accounting
Topic: Need to File Previous retruns with IRS
Replies: 8
Views: 4976

thanks for the replies, I really appreciate it. I dont really make a lot of $$ and therefore cant afford professional help and the accountants i know dont have expertise in this area so it really helps a lot Unfortunately i dont have kids, so i cant claim that deduction, but its good to know in the ...
by warmweather
Wed Dec 15, 2010 12:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Need to File Previous retruns with IRS
Replies: 8
Views: 4976

thanks for the speedy reply. i re-adjusted my 1040's and 2555's to exclude dividend and interest income, though the amounts are small, so my annual deductions more than offset them and thus my income on the 1040's is 0 is that the correct way? or should i use a form 1116 even if i dont need to? and ...
by warmweather
Tue Dec 14, 2010 11:47 pm
Forum: Canada / United States Tax & Accounting
Topic: Need to File Previous retruns with IRS
Replies: 8
Views: 4976

Need to File Previous retruns with IRS

I am a dual Canadian and American citizen, living in Canada all my adult life. I have never filed taxes in the US but now I am planning to go to move to the USA (and I need to sponsor my wife) and I realize I need to file previous year's taxes. I called the IRS and they said I need to file 7 years. ...