Search found 8 matches

by elk
Thu Mar 31, 2011 9:25 pm
Forum: Canada / United States Tax & Accounting
Topic: 2555 vs 1116
Replies: 5
Views: 4745

Yeesh... this keeps getting more complicated. I am using TurboTax and I thought (hoped?) that it would just generate all necessary forms. At some point it does ask if I'm a citizen of a country with which the US has a tax treaty...so of course I'd say yes to that. But some of the questions throw me ...
by elk
Wed Mar 30, 2011 5:08 pm
Forum: Canada / United States Tax & Accounting
Topic: 2555 vs 1116
Replies: 5
Views: 4745

This person's situation is similar to mine. nelsona recommended 2555 based on bona fide...

http://forums.serbinski.com/viewtopic.php?t=4430
by elk
Wed Mar 30, 2011 4:46 pm
Forum: Canada / United States Tax & Accounting
Topic: 2555 vs 1116
Replies: 5
Views: 4745

I am almost certain that I CAN file a full 1040, because I meet the SPT for 2010. If not, I've misunderstood much of what I've read on this forum. I did not read anywhere that I must be a US resident for the entire duration of the 330 days for PPT. If that's the case then no, I can't file 2555. Mayb...
by elk
Wed Mar 30, 2011 11:36 am
Forum: Canada / United States Tax & Accounting
Topic: 2555 vs 1116
Replies: 5
Views: 4745

2555 vs 1116

In a May, 2008 post, nelsona wrote, "With the way 2555 is now calculated, and with the child tax credit, 1116 is now more favourable [sic] in almost all cases....The only scenario I can think of that would favour [sic] 2555 is single, no kids, RRSPs and no investment income." I am single, ...
by elk
Tue Mar 29, 2011 6:05 pm
Forum: Canada / United States Tax & Accounting
Topic: Filing Electronically
Replies: 9
Views: 8932

It is my understanding that you can't use Netfile when filing as a non-resident in Canada. You can use TurboTax, but you have to print your forms and them mail them in. Is this correct?
by elk
Tue Mar 15, 2011 12:19 pm
Forum: Canada / United States Tax & Accounting
Topic: 1040 full vs. dual
Replies: 1
Views: 2002

1040 full vs. dual

I've gone back and read the posts starting from Dec, 2010, and I've had lots of my questions answered. nelsona, I must say you are saint for dealing with all our questions. I have two more lingering questions that I couldn't find answers for, after which I think I'll be good to go. 1. I'm filing a d...
by elk
Sun Mar 13, 2011 2:37 pm
Forum: Canada / United States Tax & Accounting
Topic: Borderline residency
Replies: 2
Views: 2606

Update

...definately a non-resident of Canada. Even if my bank account was considered a significant resident tie, I'd be deemed a non-resident by Article IV of the Canada-US Tax Treaty. But, if I understand correctly, the rules are the same? What are the implications of filing as deemed non-res vs. non-res...
by elk
Sun Mar 13, 2011 1:10 pm
Forum: Canada / United States Tax & Accounting
Topic: Borderline residency
Replies: 2
Views: 2606

Borderline residency

First, I would like to thank you for providing this wonderful resource - it's been very helpful and I've learned a lot from reading others' posts. My question is about preferred filing options: I qualify for non-residency status for Canada, and I am a US resident for tax purposes since I passed the ...