Serbinski Accounting Firms

you're great...thank you...we will have equal to or greater income in 2011 so I expect changing over to 1116 is better (plus consulting fees will probably be zero..making the returns easier to prepare..Again thank you for your efforts.

Thank you Nelson for such a quick response. "2555 and 1116 on the EXCESS OR 1116 on all of it.
i.e. ? I would use 2555 and whatever foreign employment (employment salary and SE ) income I have in excess of the 2555 above the Foreign Income allowance would be put the excess on the 1116 from. Right ...

IRS Issues = Dual CDN/US Citizen - & Wife is Cdn (Wife MFJ as US resident for 2555) - 19 yr old dependent son @ University - Setting the stage for discussion on higher income consequences this year - 2555 Vs 1116. Discussion & Self Employment Tax Discussion
Employment gross Income in Canada will be ...