Serbinski Accounting Firms

So visitor -- entering Canada ? Even with a Canadian passport?

Resident -- Back to US

Thanks!

Hi, I not sure whether this question is applicable here... Thanks in advance for your answer! US resident with Canadian Citizenship, non tax resident of Canada for many years. Will have a shot trip to Canada. When fly back to Canada, how to fill out the declaration form, part B (visitor ) or part C ...

Issue Number: IR-2014-97 Inside This Issue IRS Simplifies Procedures for Favorable Tax Treatment on Canadian Retirement Plans and Annual Reporting Requirements WASHINGTON ― The Internal Revenue Service today made it easier for taxpayers who hold interests in either of two popular Canadian retireme...

Now IRS just post the new rule for RRSP. Automatically defer income, and eliminate the 8891 retroactively? But 114A and 8938 still apply.

Nelsona, please advice.

N: Found IRS website average rate is 1.071 for 2013, see below link.

http://www.irs.gov/Individuals/Internat ... ange-Rates

Is it applicable for income calculation?

Yes, I understand what you mean. There is no other US person or property involved. Thank you very much!

Thanks nelsona. There is no rules for the other country.

Thanks Nelsona. Since it is intentionally transfer assets to avoid filing requirement or tax when he as a resident, just want to make sure there is no restriction on this tax planning.

For US side,

Your canada company, 5471 Form, TD F form

Your personal, 1040, TD F

You fill out w-9 to US company.

But I bellive US company should pay salary to you directly based on your TN Visa.

I have some question about residency and assets transfer before that. EB 5 (investor immigrant visa) holder, wil not enter US until next 2013, and will not get physical green card until he arrived in 2013. Does it mean in 2012, he is still nonresident foreigner and could transfer /gift any assets to...

If he files duel resident, the start date is Apr (when he got the GC) or Aug (when he active his status) for the purpose of 1040? Thx.

Sorry pls discard my previous post. I didn't notice he is talking about the state return.

Nelsona, but he got his GC at Apr, and Activie it in Aug. Once he has the GC, he is the resident of US I believe. Ane exception from IRS you know?

For Schedule B, if only a box that not checked, I believe it is ok because there will no penalty be posted on this issue. IRS jsut want this to cross check the other forms, 3520, TD F...

Nelsona, please correct me if you have strong supporting. Thx.

Yes, you don't need to report your home which has mortgage.