Search found 4 matches

by minxapple
Thu Oct 20, 2011 5:21 pm
Forum: Canada / United States Tax & Accounting
Topic: Accidental US/Canadian Citizen received Cdn inheritance
Replies: 6
Views: 3751

Okay, so I guess I will woman up and do it.

Thank you for your help. I know so little about the US tax system.

Merci!
by minxapple
Thu Oct 20, 2011 4:45 pm
Forum: Canada / United States Tax & Accounting
Topic: Accidental US/Canadian Citizen received Cdn inheritance
Replies: 6
Views: 3751

I'm more worried about getting in trouble for my "illegal offshore bank accounts" (my chequing and savings accounts). You're supposed to declare them and there are penalties for not. I have a balance of about $100000 in one and a few thousand in another.
by minxapple
Thu Oct 20, 2011 2:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Accidental US/Canadian Citizen received Cdn inheritance
Replies: 6
Views: 3751

That is fantastic news. I was really nervous. I would like to just file my tax forms for the last few years and then renounce but I don't want to pay any money to the US.

Thank you for your response, I appreciate that.
by minxapple
Thu Oct 20, 2011 2:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Accidental US/Canadian Citizen received Cdn inheritance
Replies: 6
Views: 3751

Accidental US/Canadian Citizen received Cdn inheritance

I was unfortunately born in the US but I have lived in Canadian since I was 6 months old. I have never worked there. I have a Canadian passport and file Canadian taxes. I married a Canadian who died and received $25000 life insurance paid to me and another $120000 that went to his estate (had no wil...