Serbinski Accounting Firms

I, too, have received a letter that sounds similar to you. Well, more than one letter really since I have various accounts. Basically it says that for Form 3520, since I marked the second checkbox on page 1 (that I am the US owner of a foreign trust), that I need to complete lines 20 through 23 of P...

If I could only get through this roadblock I am having with reporting RESP (as a foreign trust) to Form 1040. Is this correct logic, please: 1. Report the dividend from the RESP (a mutual fund with a major investment co) on Schedule B and 1040 - line 9a 2. Report the gain/loss (which is on paper onl...

I think I have confused myself when filling out Form 3520 (page 2). I don't see on my financial statements from investment company for RESP that I have received "interest". Either just dividends, Education Savings grant and change in value of investment. On part II of 3520-A "Foreign ...

As a self-employed US/Canadian citizen living in Canada, I have self-employment tax due (line 28) when I complete Form 1040. (I have completed 2555 and 1116 to make taxable income as $0). Surely I would not owe self-employment tax to US when I have already paid taxes in Canada. What do I do to get t...

Does Canada's Universal Child Care Benefit have to be reported on US taxes? Would it be entered as passive income on Form 1116? Also, I have a TFSA, RRSP and RESP. Is it the gain in value (on paper) that I report on Form 1116? (not physically receiving any distribution - they are all reinvested) Tha...