Serbinski Accounting Firms

Thanks. I'm going to talk to him Monday. I don't see a form 1116 for tax credit either! Man what a mess.

How do I go about this now? He e-filed it and it is in the system. He used form 5329 and I was dinged the 10% on it.

Hi, I took out a pension from a defunct Canadian company I worked for last year. I took the whole lump sum. I brought my taxes to an accountant here in Texas and got my returns. I see I was charged 10% on form 5329. I thought this not being a US account, I did not have to pay that 10 % early withdra...

Thanks so much guys. I do appreciate it.

Thanks Nelsona. My avg tax rate meaning? I make ~ 100,000.

Will I be hit hard on additional tax? Will my Turbo tax handle this? Thanks for the swift reply!

Hi,
I am a US citizen now and live in US. I just received a lump sum pension from a Canadian company I worked for. 54400 gross. They took 25% off 13600. How do I declare this next year? How do I prevent paying a bunch more tax on it? Thanks.