Serbinski Accounting Firms

1. Yes.
2. You can send the form to any address designated to receive TDF 90-22.1 form. It doesn't matter.
3. Both ways are OK.

Read the "When to file" section at http://www.irs.gov/businesses/small/int ... 24,00.html.

Yes.

File T1 reporting US & Canada rental & US dividend incomes.

File 1040 reporting all three of them as well. Use form 1116 to get credit on taxes paid for Canada sourced income.

Are you doing a dual-status return or not? You're confusing the status of a person in the country versus the dual-status tax return. As already stated you're filing a 1040 MFJ with both spouses being US residensts for tax purposes. So, you should follow the rules that are clearly specified in instru...

Yes, you file your return to the address based on your state residency.

Yes, just a single form.

Call the IRS and they should be able to confirm your extension.

You only need to file a single extension. The extension form has a place to specify both taxpayers identification.

US Real estate, interest from US banks and dividens from US stock.

4) Yes and yes.

Thanks, nelsona.

The correct way is to attribute all tax ($1500) to the general income ($10000) on form 1116 and zero to passive income ($500). In this case carryfoward tax from previous years will come handy. All three types of income (earned, Cdn-sourced and Us-sourced) are reported on 1040.

That's understandable. What if the total investement income reported on Cdn tax return is from multiple sources, one of which is foreign-sourced and positive? For example, $500 is interest from Cdn source and -$2500 from Us source.

How do you proportion the taxes between passive and general income for the 1116 form if the total passive income is negative (a loss)? Let's say the total wages are $10000, total investment income is -$2000 and the total taxes paid are $1500. Portion of taxes attributed to general income: 10000 / (1...

Of course they are. My wages always end up on line 1 of 1040 but there is no fake W-2 generated.