Serbinski Accounting Firms

Curious as to the answer to this as well, also in light of recent treaty changes.

Thanks Nelson, I appreciate all your help.

Thanks again for all your help, for free, to anonymous stranger on the internet, no less!

One last question that you might be able to help with:

Are there generally penalties or other consequences when backfiling several years of unpaid/unfiled taxes in this scenario?

Thanks nelsona.

Are there any penalties or other negative consequences if this person backfiles for these taxes owing without being prompted by the IRS?

Is there a bit of a race condition there, where getting the SSN might trigger the IRS to ask what's up since this person hasn't filed for x years?

Thanks again, nelsona. If this person were to backfile their taxes, they can use the withholding against dividends over those years to offset any tax liability, including liability on dividends, as I understand it - is that correct? Would it be a problem tracking this withholding given that no SSN w...

Thanks Nelson, your reply is much appreciated. Following up - if someone has had 15% withheld on US dividends (at least those held outside an RRSP), this can be used to (at least partially) offset tax owning on those dividends, right? To the extent that the offset is not complete (if your tax rate o...

I just discovered this forum, and it is an invaluable resource for the topics it covers. Searching through it, I found answers to many of my questions - but a few remain. In particular, I'm interesting in a hypothetical dual citizen from birth, who has always lived in Canada to date, and who does no...