Serbinski Accounting Firms

Agreed...but what can I do about what happened i the past?

Also have another problem...given the IRS requirements for accuracy (highest balance, year-end exchange rate, average exchange rate, etc.), I really need monthly historical statements to be able to furnish all the data from 2010 accurately. If I no longer have access to the paper statements from my ...

Alright, I did some more reading, and you're right. The existence of a TFSA during 2010, 2011, and 4 days of 2012 are really going to haunt me. I have already decided to find a good accountant with ample experience in this field for my 2011 return.

Will I need to file the same forms in 2012 for ...

Ok, I have withdrawn and closed my TFSA. I am also about to mail off my 2010 T1 adjustment.

Now my only question is with regard to the IRS. What do I need to do to correct my filing here in the US? Is there a US equivalent to the a T1 adjustment?

Got it. This has been extremely helpful! Thanks a lot.

[quote="nelsona"]1. Either way is fime. Read over the Emigrants guide form CRA, it expalins all tha tyou should be doing when you leave canada.

2. You should be closing the TFSA anyways.

3. I would not worry about the TFSA, other than declaring the income in US and filing the forms. You left in ...

[quote="nelsona"]You need to do three things;

1. Fix your 2010 Cdn return. It MUST have the departure date, or you are guilty of tax evasion for not having reported your US income. Plain and simple. You may owe a little more Cdn tax, due to reduction in your credits. I trust you were not recieving ...

[quote="Newbie88"]I moved from Canada to the US in July 2010 to start working in the US. In 2010, I earned most of my income in the US as employment income. However, I still had some scholarship income (from the first half of the year) and interest income (from savings and a GIC in a Canadian bank ...

Hi All,

After having done quite a bit of research on the CRA website, on this and various other forums, and by talking to an accountant, I find myself still scratching my head. I really hope someone can help.

I moved from Canada to the US in July 2010 to start working in the US. In 2010, I earned ...