Search found 48 matches
- Tue Apr 03, 2012 4:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: FBAR question for Joint/Separate accounts
- Replies: 4
- Views: 3592
Maybe not in the same way, but we do file jointly. For example, because of my income she claims our children as her dependants but I would claim the child care benefit on my taxes. Now, she will claim my disability amount since I'm not earning any money. However I think you are right, I guess the sy...
- Tue Apr 03, 2012 3:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: FBAR question for Joint/Separate accounts
- Replies: 4
- Views: 3592
She files her Canadian taxes jointly with me, however when I file my US taxes I do not include her in any way. So as long as I never file jointly with her on my 1040 (which there would be no point for me to do anyway) as long as a joint account we have together has not exceeded $10k, there is nothin...
- Tue Apr 03, 2012 2:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: FBAR question for Joint/Separate accounts
- Replies: 4
- Views: 3592
FBAR question for Joint/Separate accounts
I'll try to make this short. I am American living in Canada. My wife is Canadian living in Canada. My wife and I have a joint account that handles everyday expenses. At no point has this account shown a balance of $10,000+ from my knowledge. I cannot get statements prior to 2008 and I think it may h...
- Fri Mar 16, 2012 6:47 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
- Tue Feb 28, 2012 7:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
hahah. Thanks. I figure if they want to stimulate me, they can. If not, then I'll deal with being... un-stimulated? Now that I've got this done, it's a dream. The biggest issue was trying to figure out how to enter everything (the fake W2 and then entering info into the 1116 form) but I think I'm in...
- Tue Feb 28, 2012 7:20 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
I entered nothing into my W2 other than the income I made. I then noted my Child Care benefit as other income. I did not note that I paid any tax at this point. I then filled out form 1116 where I entered that information again. I noted down how much I paid in foreign taxes. Then it tells me that I ...
- Tue Feb 28, 2012 6:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
I do apologize. The problem is that each time I pose a question, something else gets changed. This has just been a very long process for me and each step I take gets me closer and further away. As it stands, it seems that I do have to claim the Universal Child Care Benefit (which IS taxable) as othe...
- Tue Feb 28, 2012 6:29 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
- Tue Feb 28, 2012 6:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
- Tue Feb 28, 2012 6:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
- Tue Feb 28, 2012 6:00 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
- Tue Feb 28, 2012 5:59 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
- Tue Feb 28, 2012 5:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
I guess I'm one of the few people that has no money ;) At no time that I can remember did I have over 10k combined in any accounts. now 10k in DEBT that's another story, but never did I have a positive balance, even combined, of 10k. I just finished 2008 and the AMT was not noted, or charged, and it...
- Tue Feb 28, 2012 5:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104
Sorry - one other thing that I didn't realize, because my income was lower than that of my wife, our Universal Child Care Benefit Statement was claimed to me, increasing my income by 2,400 for the year. Can i just include that in my full income? I assume I can, since it WAS income, but I'm just putt...
- Tue Feb 28, 2012 4:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US person in Canada, 14 years, never filed a US return
- Replies: 104
- Views: 62104