Serbinski Accounting Firms

Thank you very much for your help. As a point of information for others on the forum, I found out later that the State of Massachusetts does allow Foreign Tax Credits for Canadian tax, which might mean the tax could be whittled down to 0.

I have a bank account and an address in the US, but I pay no US rent, earn no US income etc. I consider myself a factual resident of Canada. Can I just submit a Federal IRS tax form ? nothing to any state ? Can I submit a 1040 (resident version) using my Canadian address ?

I wish I could help you on this. Another poster suggested if you use mark-to-market, all you need do is look at your Year End Statement, and put the book value in 5b... but if you result with a loss and this is your first year filing - does that loss count against any other income ? (i.e. no ...

Still struggling with the 3520 and 3520-A for an RESP and a TFSA. Both had stock losses but lots of dividends. Do I need to do a separate form 8949 and a separate schedule D for each of those two accounts ? then a third pair of 8949/schedule D for my other non-registered investments ? (divided by ...

Thanks for all the quick replies... as a followup, if the Year End must be Dec 31st, can the starting point be the day I got the Green Card ? (I have no other ties to US and no US-sourced income, insignificant # days in the US etc.)

Hi all - I am Canadian but received my Green Card in April 2011. So I need to file 3520/3520A for TFSA and RESP...
3520A seems to be due March 15th ...
I'm worried that they could be overdue already, but is there anything to stop me from declaring the Tax Year for the Trusts as not equalling the ...