Serbinski Accounting Firms

Per IRS re FBAR and amounts to be reported: "The account value is the largest amount of currency and/or monetary instruments that appear on any quarterly or more frequently issued account statement for the applicable year. If a periodic account statement is not issued, the maximum account value is ...

Thanks for your help.

Just to confirm, I'd like to sell some shares in a self-directed RRSP (for which I have filed form 8891 each year) which by its nature was never an employer-funded RRSP. If I trigger a gain of $20,000 but that $20,000 remains in my self-directed RRSP account - then there is no US tax impact until I ...

Thanks, got it!

Thanks again

Thank you for replying so quickly.

re RESP, am I better to go back and amend to 2003 forward or should I just worry about the past 3-5 years...

I am a dual US/CAD citizen residing in Canada since I was a child. I have filed US income tax returns on time for the past 10+ years. I have 3 questions:

1. I have a self-directed RRSP but have never deducted any contributions to this account on my US return. I have filed form 8891 as I have ...