Search found 3 matches

by calldave
Thu Aug 25, 2011 8:53 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian Resident - Employee to Partner in US LLP
Replies: 5
Views: 2893

Nelsona,

My firm is a traditional LLP with no shares and with all firm income/losses passed-through to the partners' individual tax returns. I believe I would be filing a K-1 / Form 1065. Thank you.
by calldave
Wed Aug 24, 2011 8:19 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian Resident - Employee to Partner in US LLP
Replies: 5
Views: 2893

Nelsona, Thank you for the prompt reply. I have not yet seen the partnership agreement (and won't likely see it until an offer is made) and am not sure what you mean. My law firm appears to be a typical LLP, with all legal income flowing through and allocated among the partners using a complicated f...
by calldave
Tue Aug 23, 2011 9:35 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Resident - Employee to Partner in US LLP
Replies: 5
Views: 2893

Canadian Resident - Employee to Partner in US LLP

I am currently a Canadian resident and cross the border each day to work in the USA at an Limited Liability Partnership (a law firm) under a commuter green card. I am a W2 employee and deduct my American taxes on my Canadian tax returns. I hope to be elected partner shortly and will no longer be a W...