Serbinski Accounting Firms

Ok thanks nelsona, I'll pass this info on to him and see what he responds with.

Thanks,

OK, I thought I knew what i was doing, had done some research on what was required to be reported, but now my tax preparer has thrown a wrench into it for me. i have a question.

1. the tax preparer has done form 8891 for my wife's back tax returns for RRSPs, but has now informed me that i need to ...

When submitting the FBARs, would you suggest including a cover letter indicating that we were unaware of the requirement to comply with the reporting of foreign accounts? Is this going to help hopefully not be penalized?

Thanks tsanaha and nelsona.....I'll try the 3 yrs first and see what happens.

Also, in addition to the question above. If i'm dealing with a RRSP account which I would normally only get quarterly statements, how am I to find the highers aggrated value for the year? Do I just use the available statements I have and pick the highest for that account?

My wife and I have lived in canada for the past 10 yrs and we are in the process of getting her (USC) US back taxes filed (3 yrs) by a professional firm, but am going to attemp the FBARs myself since most of this data i'm gonna have to dig-up anyhow. What is the requirement for how many years back ...

Forgive me if it is obvious to most, but is "under-reporting" the same as having filed US taxes many years ago (my wife previously lived/worked in the USA and filed US taxes, but hasn't since she moved here almost 10 yrs ago). Would you suggest 3 or 6 yrs in a case like this, in order to get up to ...

Nelsona,

I've seen you recommend 3 yrs of back taxes if no taxes are owed. Is this the requirement as apposed to 6 yrs? Many other forums are recommending 6, so i was just wondering if the IRS only requires 3?