Search found 10 matches

by mtled
Mon Oct 31, 2011 11:04 pm
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

Everything set to file, thanks to JGCA for his review of the returns. Let's see how it all pans out.
by mtled
Sun Oct 23, 2011 5:29 pm
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

Definitely filing 5471. Thx for the advice. Where are you in Montreal?
by mtled
Thu Oct 20, 2011 11:22 am
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

Spoke to a tax lawyer yesterday. He says expect an announcement "sooner rather than later" clarifying the IRS filing situation of US citizens in Canada that are CRA compliant. He commented that the large Canadian banks do not have the resources to be FATCA compliant in the near future. He ...
by mtled
Wed Oct 12, 2011 12:24 am
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

Well, I guess I'll file 5 years back with an online expat tax service and see what happens.
by mtled
Sun Oct 09, 2011 10:30 am
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

OK, makes sense. I'm still responsible for the subsequent years. Nothing stopped me from getting another accountant. Questions still unanswered: 1.Can turbotax deal with my incorporated Canadian company filing and my family trust filing? 2. Do I file 3 years or 6 years? I'm unlikely to owe them anyt...
by mtled
Sat Oct 08, 2011 11:27 pm
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

The accountant was not my regular accountant, he was on a list provided by the US consulate in Montreal.
by mtled
Sat Oct 08, 2011 11:23 pm
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

I agree but it wasn't written on his forehead when I first met him. He messed up the filing and charged me $400. IRS sent it back, I fixed it myself and sent it off. Lost heart after that incident. Can turbotax deal with a Canadian corporation of which I am the sole sharholder and which is also my e...
by mtled
Sat Oct 08, 2011 8:05 pm
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

According to what I've read here, given that I have no US source income, I'm unlikely to owe anything. What type of disclosure is V disclosure. I agree doing nothing is not an option any more. Thanks for the help.
by mtled
Sat Oct 08, 2011 8:49 am
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

I cannot use OVDI as the filing date has passed. So, not an option for me.
by mtled
Fri Oct 07, 2011 11:55 pm
Forum: Canada / United States Tax & Accounting
Topic: quiet disclosure ok?
Replies: 16
Views: 13561

quiet disclosure ok?

Hi, I am a naturalized US citizen since 1994 (born in Ireland) lived in the US from 1989-1994 and living in Canada full time since. I filed all taxes while resident in the US and until 2003 while living in Canada(1040/2555). I have a Canadian citizenship since 2001. I never filed a FBAR because neit...