Is there any down side to filing a 1040 for the whole of a renunciation year, as opposed to a 1040 and 1040NR labelled 'dual-status year'?
The main appeal is that 1) there are fewer forms to deal with and 2) I have professionally prepared 1040s for previous years to template off.
Search found 19 matches
- Wed Apr 03, 2013 10:59 am
- Forum: Canada / United States Tax & Accounting
- Topic: Filing a 1040 for the whole of a renunciation year
- Replies: 13
- Views: 9704
- Tue Apr 02, 2013 6:17 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8854, Part V questions
- Replies: 3
- Views: 4855
- Tue Apr 02, 2013 2:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8854, Part V questions
- Replies: 3
- Views: 4855
Form 8854, Part V questions
Hello, all - I'm working on Part V of the 8854. I'm not a covered expatriate - filing the form is an exercise in showing them I'm not. Column A wants the FMV of the listed assets, and column B wants the "US adjusted basis", without explaining in the instructions what this is. Are they the ...
- Tue Aug 30, 2011 4:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: FBAR penalties and soft disclosure
- Replies: 16
- Views: 15242
- Tue Aug 30, 2011 1:18 pm
- Forum: Canada / United States Tax & Accounting
- Topic: FBAR penalties and soft disclosure
- Replies: 16
- Views: 15242
- Sun Aug 28, 2011 5:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: FBAR penalties and soft disclosure
- Replies: 16
- Views: 15242
- Sat Aug 27, 2011 4:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: FBAR penalties and soft disclosure
- Replies: 16
- Views: 15242
- Sat Aug 27, 2011 8:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: Renouncing US citizenship good for our circumstances?
- Replies: 16
- Views: 13382
Thanks for your helpful advice, Dalthien. My approach at this point is to file five years of back returns and make a choice about renunciation (as the State Department points out, a final and irrevocable decision) in a calmer atmosphere. That way the way is paved for whatever choice ends up being ma...
- Fri Aug 26, 2011 5:57 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Renouncing US citizenship good for our circumstances?
- Replies: 16
- Views: 13382
- Fri Aug 26, 2011 3:57 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Renouncing US citizenship good for our circumstances?
- Replies: 16
- Views: 13382
- Fri Aug 26, 2011 3:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Renouncing US citizenship good for our circumstances?
- Replies: 16
- Views: 13382
- Fri Aug 26, 2011 12:54 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Renouncing US citizenship good for our circumstances?
- Replies: 16
- Views: 13382
- Wed Aug 24, 2011 9:47 pm
- Forum: Canada / United States Tax & Accounting
- Topic: OVDI or quiet disclosure?
- Replies: 3
- Views: 4466
- Wed Aug 24, 2011 9:35 pm
- Forum: Canada / United States Tax & Accounting
- Topic: OVDI or quiet disclosure?
- Replies: 3
- Views: 4466
OVDI or quiet disclosure?
Thanks to everyone who puts their time into this forum - I find it very useful. I am a Canadian/US dual citizen who has never filed a US tax return, but am correct with my Canadian taxes. I earn $70,000. I have never lived or worked in the US. I have no short- or medium-term plans to work in the US,...
- Wed Aug 24, 2011 4:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: OVDI and renouncing US citizenship
- Replies: 2
- Views: 2731