Serbinski Accounting Firms

"I also remember an Obama program from ?2009? which gave a similar credit; I think it's goal was to stimulate the economy after the stock market crash. Anyway, these typically do not offset the headache, but they are some small benefits."

Please don't give Obama any credit for this. It was the Bush ...

Thanks guys! Aprpreciate the responses.

I'd love to hear the results of claiming NIIT as a Medicare tax. Certainly seems to me that it should be considered an income tax subject to FTC, or a Medicare tax subject to exemption. But then, not everything makes sense.

I am a dual citizen living in Canada and considering getting married to a Canadian citizen. Tax implications shouldn't be the driver of a decision like this, but I want to know what are the implications?

To the best of my knowledge, there are lower income thresholds for MFS than single, but likely ...

I just started an employer-sponsered DB RPP (with optional employee contributions).

Nelsona, your response seems to imply that my contributions to a RPP would reduce my income for US tax purposes. Is that correct? Would I just reduce my Line 7 income by that amount?

I just received a similar letter asking for an explanation of late posting (sent in 3520 & 3520A for 2009 & 2010 TFSA last fall without an explanation letter). There was no mention of assessing a penalty, just that an explanation was required but would not ensure waiver of a penalty.

There is a ...

Very helpful. I have another question: on my US source dividends, my broker already withholds 15% as a US tax payment. Do I put this on line 62 of my 1040 (Federal income tax withheld)? Does it matter if I don't receive a 1099?