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.
Search found 3 matches
- 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: 2899
- 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: 2899
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...
- 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: 2899
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...