Thank you for the reply. That was the way I was leaning.
Today, I received my letter from the IRS welcoming me into the program. I will keep the group updated on my experience.
Search found 5 matches
- Thu Jun 30, 2011 12:59 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Private Letter Rulings use on Excluding RRSP holdings
- Replies: 32
- Views: 24543
- Thu Jun 30, 2011 12:34 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Private Letter Rulings use on Excluding RRSP holdings
- Replies: 32
- Views: 24543
Private Letter Rulings use on Excluding RRSP holdings
I decided to enter the OVDI program with RRSP and non-RRSP accounts. My accountant recommended a lawyer to file a PLR so all RRSP accounts will be excluded from penalty. The legal costs for that is north of $10,000. Does anyone have experience in having their RRSP excluded with or without a PLR? tha...
- Mon Jun 06, 2011 5:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Backfiling of Canadian Investment Accounts
- Replies: 10
- Views: 8693
thanks tsanaha! Luckily, my Canadian investor advisors froze all my account when I told them I was leaving the country. (I was not happy at the time) All of the advisors withheld Non Resident Taxes and sent me NR-4 slips but my accounts never knew what to do with them. Do the NR-4 have to be transla...
- Mon Jun 06, 2011 2:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Backfiling of Canadian Investment Accounts
- Replies: 10
- Views: 8693
Backfiling of Canadian Investment Accounts
I moved to the US ten years ago and have had my tax "professionally" done for the last eight. My three previous accountants did not know what do do with my NR4s and Canadian mutual funds and told me not to include them. Now that I want to file Fbars on the accounts, do I have to pay the 25...
- Fri Jun 03, 2011 2:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: the highest aggregate balance of the year
- Replies: 171
- Views: 129408