Serbinski Accounting Firms

Ok great, that helps a lot...

Ok for the FBAR they require the highest quarterly statement for each year. How do you disclose the highest quarter amount for the year for Term GICs? In this account I have 3 GIC's which are all due at different times. I have contacted my bank trying to figure out the totals, but since they are 3 y...

Ok cool, I got the information now I need. Will be filing a 1040x along with the 8891's from 2007 till 2010 and sending in the FBAR. Called up the Treasury Dept and they said it won't be an issue with an explanation. They mentioned this is happened a lot now and not to worry...

Oh and is there a part on the 1040 that I list the total of the Canadian accounts for the past year? I see a 15a IRA distributions and a 21 Other Income, list type and amount I don't see it being 21 as it's not really paid out income, but not sure where I mention the RRSP amount on the form. Thanks

Ok that clears it up then. So figured out I actually have two RRSP accounts in Canada and that's all I have. So will there be any issues with the IRS in not reporting these two RRSP accounts? I know they are more concerned with going after the people who actually get money outside the US, but not su...

[quote="nelsona"]And don't forget FBAR for the last 6 years if you did not do that.[/quote] Ok for the 8891, a few questions: I am not sure if I am a Beneficiaries or an Annuitants? "Have you previously made an election under Article XVIII(7) of the U.S.-Canada income tax treaty to de...

Ok this might be a bit confusing as I am totally confused. Back in the 90's I was in Canada and only a Canadian citizen when I started working. I had some money from an inheritance that was put into a RRSP account and then after working, I added money from my 3 years work in Canada into that. I also...