Serbinski Accounting Firms

I will be filing a full year 1040 in US for 2015, and returning to Canada in early January. Due to Canada's deemed re-acquisition on my return, I would like to capture some unrealized losses in 2015, before moving. Would either US wash sale or Canadian superficial loss rules apply if I sell shares w...

Thanks, nelsona.

Should I file 8833 citing article XXV as well?

If she had used it in 2012, could she use it again this year? from http://www.irs.gov/Individuals/International-Taxpayers/Foreign-Earned-Income-Exclusion---Bona-Fide-Residence-Test : Bona Fide Resident For Part Of A Year Once you have established bona fide residence in a foreign country for an unint...

My wife moved to US in June 2013. I moved a year earlier. Filing joint full-year for 2013. My question is about form 2555. My wife does not meet PPT because she paid me a few visits over the year we were apart. I have found evidence in other threads that there may be a treaty position that allows us...

Thanks nelsona - you're correct on all clarifications.

The main motive here is not this year's deduction (2555 is an option as you mention), but more cap room for a roth rollover during future low-income years, which we anticipate.

I should add that we are both Canadian citizens, and that I filed US dual status/Canadian departure in 2012.

My wife moved to the US in June 2013. Prior to the move she was self-employed in Canada, and is now an employee in the US. We will be fiing a joint full year 1040, with form 1116 as appropriate for the self-employment income. I'm wondering if my wife can establish and contribute to a solo 401(k) bef...

Thanks for the help! I don't see why CRA would not allow me to remain a resident of Canada for tax purposes. I will still have plenty of ties to Canada that I don't plan to sever any time soon. If anything, it would be the other way around - CRA may prevent me from becoming a non-resident. In any ca...

Can you clarify whether I am legally required to do this, or if it is simply preferable? If it is preferable, why?

I am planning to head to the US in July 2012 to work. I have no residence in Canada (all accounts, credit cards, etc use my parents address). I do have a number of Canadian accounts (including an RRSP and a TFSA), all with values over $10K, and all generating income. I intend to return to Canada aft...