There are a lot of people in your situation over at the blog
http://isaacbrocksociety.ca/
I'm sure some there can give you some reasonable advice.
Search found 93 matches
- Thu May 02, 2013 2:35 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Advice on OVDI position or QD
- Replies: 4
- Views: 4806
- Fri Apr 26, 2013 9:42 am
- Forum: Canada / United States Tax & Accounting
- Topic: Reasonable Cause Letters
- Replies: 4
- Views: 4787
Rockbottom, I submitted reasonable cause letters with my FBARs and 3520/3520As in Jan. 2012. They weren't signed under penalty of perjury. I haven't heard a word back on the FBARs. The 3520s were a whole different situation. I received several letters indicating that the forms were not completed pro...
- Thu Apr 25, 2013 12:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: SS# denied
- Replies: 9
- Views: 5962
I was in the same situation that you are. Came to Canada as a child, have lived here for 40 years and never had a SSN. I was able to get a SSN at the SSA in Niagara falls with just my birth certificate, Canadian passport and Canadian immigration paper. SSA initially said I would probably not get a n...
- Thu Apr 25, 2013 9:50 am
- Forum: Canada / United States Tax & Accounting
- Topic: SS# denied
- Replies: 9
- Views: 5962
Could you apply for an ITIN since you have a letter from SS denying your application?
http://www.irs.gov/Individuals/General-ITIN-Information
http://www.irs.gov/Individuals/General-ITIN-Information
- Mon Apr 15, 2013 3:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Submissions for Streamlined Filing Compliance
- Replies: 6
- Views: 5076
Looks like there is a way to request deferral of RRSP income through the streamlined process. http://www.irs.gov/uac/Instructions-for-New-Streamlined-Filing-Compliance-Procedures-for-Non-Resident-Non-Filer-US-Taxpayers Any taxpayer seeking relief for failure to timely elect deferral of income from c...
- Fri Apr 05, 2013 6:13 pm
- Forum: Canada / United States Tax & Accounting
- Topic: First Time Filing US Taxes
- Replies: 8
- Views: 5239
- Fri Apr 05, 2013 12:49 pm
- Forum: Canada / United States Tax & Accounting
- Topic: First Time Filing US Taxes
- Replies: 8
- Views: 5239
- Wed Apr 03, 2013 7:29 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian on TN status in US. FBAR and TD F90221 question.
- Replies: 24
- Views: 17662
- Tue Apr 02, 2013 6:28 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8854, Part V questions
- Replies: 3
- Views: 4723
- Tue Apr 02, 2013 5:37 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8854, Part V questions
- Replies: 3
- Views: 4723
The FMV and the Adjusted Cost Base would be the same for cash. For your mutual funds in your RRSP, LIRA, RESP, you would add your initial investment plus any reinvestment plus commissions you paid to get your adjusted cost base.(column B) The difference between the adjusted cost base and FMV will be...
- Wed Mar 20, 2013 10:36 am
- Forum: Canada / United States Tax & Accounting
- Topic: U.S. Beneficiaries of Canadian Estate: Filing Requirements
- Replies: 22
- Views: 12356
If they receive more than $100,000, they have to fill out 3520. From the IRS website: Reporting Requirements You must file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, if, during the current tax year, you treat the receipt of money or othe...
- Sun Mar 10, 2013 6:40 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Help - IRS letter indicating penalty for late 3520
- Replies: 107
- Views: 209337
The 3520/3520A aren't submitted with your 1040. They are sent to a different IRS centre in Ogden, Utah. I don't know how to find out from the IRS if they received your 3520/3520A. They were of no help when I started receiving letters from Ogden. They seem to have no access to that information by pho...
- Sun Mar 10, 2013 2:49 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Taking stab at 3520, -A for TFSA
- Replies: 157
- Views: 219460
Quite a few people did get penalty letters about 3520/3520As but were able to resolve it successfully. See this thread:
http://forums.serbinski.com/viewtopic.p ... lty+letter
http://forums.serbinski.com/viewtopic.p ... lty+letter
- Thu Feb 14, 2013 11:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: Dual citizen living in the US and FATCA
- Replies: 11
- Views: 6489
- Mon Feb 04, 2013 11:10 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Help - IRS letter indicating penalty for late 3520
- Replies: 107
- Views: 209337