Search found 4 matches

by lulupe68
Wed May 04, 2011 2:29 pm
Forum: Canada / United States Tax & Accounting
Topic: U.S. taxes after moving to CN - file 1116 or 2555?
Replies: 8
Views: 4464

Thanks so much for your help. I'm still confused. I guess I assumed that I wouldn't have to pay any taxes at all on my Canadian income to the U.S. gov, since I've paid taxes to the Canadian gov. I don't live in both places, I don't live in the U.S. and have a second home in CAN, I don't live in the ...
by lulupe68
Wed May 04, 2011 1:39 pm
Forum: Canada / United States Tax & Accounting
Topic: U.S. taxes after moving to CN - file 1116 or 2555?
Replies: 8
Views: 4464

Ok, I spoke too soon. After using form 2555 and then trying to calculate my tax (line 44) on form 1040, using the worksheet required "Foreign Earned Income Tax Worksheet", I end up owing over $200 in taxes. THis doesn't seem right when my U.S. taxable income is only $13, 655. I don't under...
by lulupe68
Tue May 03, 2011 11:06 pm
Forum: Canada / United States Tax & Accounting
Topic: U.S. taxes after moving to CN - file 1116 or 2555?
Replies: 8
Views: 4464

[quote="nelsona"]You can still file 2555 for the portion of 2010 that you were in canada. You merely need to wait until you actually satisfy the 330 day requirement, which would be in june//July 2011. File an exrension until then -- if you even need to, since foreign residens automatically...
by lulupe68
Tue May 03, 2011 6:42 pm
Forum: Canada / United States Tax & Accounting
Topic: U.S. taxes after moving to CN - file 1116 or 2555?
Replies: 8
Views: 4464

U.S. taxes after moving to CN - file 1116 or 2555?

I am a U.S. citizen, moved to Canada (Quebec) July 2010 from Illinois. I don't own any home nor did I sell any, no kids, my taxes have been pretty easy up until this year. I worked Jan. 2010 - July 2010 in Illinois and then moved and have been living and working in Canada since July. I filed my Cana...