Hi,
I moved to US in 2012 and after filing my taxes this year I forgot to file FBAR before June 30 deadline.
I am going to file it this week. How should I prepare the late filing explanation letter to avoid a penalty? How common is it to get penalized for late FBAR filing?
Thanks
Search found 7 matches
- Sun Aug 11, 2013 10:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Late FBAR filing
- Replies: 5
- Views: 5329
- Thu Feb 28, 2013 1:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Moving to US, deducting expenses from selling the house
- Replies: 3
- Views: 2578
- Thu Feb 28, 2013 5:46 am
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting US income
- Replies: 1
- Views: 1700
Reporting US income
I am filing a departure return in Canada, with my departure on January 15. But my US employment started in January 2. So for those 2 weeks, how should I report my US income to Canada? 1- Should I prorate the whole 2012 income? 2- or should I report pay checks that I got during that period? which I d...
- Thu Feb 28, 2013 5:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: Moving to US, deducting expenses from selling the house
- Replies: 3
- Views: 2578
Moving to US, deducting expenses from selling the house
I moved to US in 2012 and sold my house before I move. I am filing my Canada tax and declaring departure.
Can I deduct expenses related to selling my house?
Can I deduct expenses related to selling my house?
- Fri Feb 15, 2013 3:46 am
- Forum: Canada / United States Tax & Accounting
- Topic: tuition credit carry forward for non-residents
- Replies: 3
- Views: 2705
tuition credit carry forward for non-residents
Hi!
I moved from Quebec to US last year and I am filing a departure return for 2012 in Canada.
I have some unused tuition credits. Will I loose them? or I will be able to use them if I move back to Canada again in couple of years?
Thanks
I moved from Quebec to US last year and I am filing a departure return for 2012 in Canada.
I have some unused tuition credits. Will I loose them? or I will be able to use them if I move back to Canada again in couple of years?
Thanks
- Thu Dec 15, 2011 2:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Which date I become a non-resident?
- Replies: 4
- Views: 3203
Thanks a lot Nelsona. It is much more clear for me now. I have 2 more questions: 1- So I guess it will be fine to report my departure date as the date I sell my house in January (and not the date I leave Canada in December)? It is only the complication of having to file another return for 2012. Am I...
- Thu Dec 15, 2011 12:17 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Which date I become a non-resident?
- Replies: 4
- Views: 3203
Which date I become a non-resident?
I am moving from Montreal to the US, the last week of December (2011), and I will sell my condo in January 2012. Which date should I report as my non-residency to CRA? Is it the date I leave Canada or the date I sell my condo? I am asking this because If I become non-resident in December and sell my...