Serbinski Accounting Firms

Thank you so much JG. I have another question, the benefit of the incorporation is deferral tax in Canada. For instance, if I make 200k each year, and I take out 100k as salary, pay lower tax, and keep the other 100k in the corporation for investment. But I heard that US doesn't allow the CFC to do ...

Hello JGCA, I'm a us citizen trying to start a professional corporation in Canada, mainly want to lower tax rate (from 39% to ~28%) and defer tax. Do I still have to pay corporation tax to the US gov.? and how much would be? Is it true I will pay the amount I saved in Canada to the US gov.? Many tha...

Thanks so much nelsona, actually, I spent 4 months in Canada in 2010, so I should use 1116 only or use both 1116 and 2555 ?

Another question is extension: should I use 2350 only ? Many thanks.

Hi, Nelsona, I need your help regarding my situation. I'm a us citizen and moved to Canada last June, and my Canadian company sent me to the states for job training for 2 months (Oct. and Nov., income was taxed by Canada), I have 2 questions: 1. Is this 2-month income taxable for us tax return, if y...

[quote="JGCA"]As a US Citizen you continue to file MFJ so your taxed on worldwide income and can exclude CND earned income using 2555 if meet the test of physical presence or bona fide tes read all threads in this forum posted by Nelsona who explains this many times.[/quote]

Thanks GJ !

I'm a US citizen and moved to Canada last June because of job, my wife is still working in the states, can I file married joint 1040? what other forms I should file for the US tax return? 8833 or 2555?

Thanks,

George