Search found 112 matches

by MaggieA
Tue Apr 21, 2020 12:09 pm
Forum: Canada / United States Tax & Accounting
Topic: Disposition of personal vehicle upon return to Canada and/or medical coverage
Replies: 2
Views: 877

Re: Disposition of personal vehicle upon return to Canada and/or medical coverage

In 2016 we moved back to BC after more than a decade in the US. After much debate, we did bring two cars with us. The export (from US) and import (to Canada) process looked very intimidating, but turned out not to be bad. In retrospect I'm happy with the decision. Unless you want to pay a broker to ...
by MaggieA
Fri Apr 17, 2020 1:43 pm
Forum: Canada / United States Tax & Accounting
Topic: US government stimulus check
Replies: 48
Views: 6322

Re: US government stimulus check

According to Democrats Abroad Taxation blog, the Get My Payment tool requires a 5 digit US zip code, despite a misleading message that implies non-US postal codes are accepted. Non US codes are not accepted, neither is leaving the field empty, so for those of us who file with our non-US address, the...
by MaggieA
Thu Apr 16, 2020 10:22 pm
Forum: Canada / United States Tax & Accounting
Topic: US government stimulus check
Replies: 48
Views: 6322

Re: US government stimulus check

It seems that the IRS's "Get My Payment" tool https://www.irs.gov/coronavirus/get-my-payment doesn't work for foreign addresses. This would be consistent with other IRS tools as described here https://www.irs.gov/individuals/taxpayer-identity-verification-information#formataddress It's TBD whether t...
by MaggieA
Tue Apr 14, 2020 2:22 pm
Forum: Canada / United States Tax & Accounting
Topic: US government stimulus check
Replies: 48
Views: 6322

Re: US government stimulus check

I would greatly prefer to get residency based taxation instead of stimulus checks. But since that option doesn't seem to be on offer, I'll take the checks (spouse and I should both get one) and regard it as a small offset to the misery of filing with the IRS every year.
by MaggieA
Tue Apr 14, 2020 12:47 pm
Forum: Canada / United States Tax & Accounting
Topic: US government stimulus check
Replies: 48
Views: 6322

Re: US government stimulus check

I'm amused by how the noncompliance advocate claims it's hunky dory for US citizens to ignore US laws, "The IRS can't do a thing about it" and yet, is very concerned to conceal one's actual street address from the IRS. If they can't do a thing about it, what does it matter if they know where you live?
by MaggieA
Sun Apr 12, 2020 5:27 pm
Forum: Canada / United States Tax & Accounting
Topic: Software suggestions for 1040, form 2555 & possible 1116
Replies: 18
Views: 5900

Re: Software suggestions for 1040, form 2555 & possible 1116

Old thread, but seems relevant. Due to annoyance with TurboTax not supporting exclusion of Social Security income (CPP, OAS, SSA) from US tax by treaty, this year I bought TaxAct. The download version because I'm suspicious of entering my tax information on a website. Learning a new look-and-feel (T...
by MaggieA
Sun Apr 05, 2020 9:56 pm
Forum: Canada / United States Tax & Accounting
Topic: CPP and OAS
Replies: 16
Views: 2252

Re: CPP and OAS

I take it back! I am new to TaxAct and don't know if I could now reproduce how I got it to give me that message saying I couldn't override the taxable portion to zero. I just tried again, and now I see a checkbox for "US citizen living abroad and benefits are exempt from U.S. tax due to a treaty". P...
by MaggieA
Sun Apr 05, 2020 6:24 pm
Forum: Canada / United States Tax & Accounting
Topic: US government stimulus check
Replies: 48
Views: 6322

Re: US government stimulus check

Are Canadian/US dual citizens not required to disclose US person status to their Canadian banks? And file FBARs (unless so poor they don't meet the $10K USD asset threshold). @Ron.Henderson your remarks seem very blithe about flouting US laws, also Canadian laws or regulations. I suppose for "accide...
by MaggieA
Sun Apr 05, 2020 6:13 pm
Forum: Canada / United States Tax & Accounting
Topic: 8938 - RRSPs and DB pension plan
Replies: 0
Views: 810

8938 - RRSPs and DB pension plan

First time filing 8938 (and probably last, at least for a while, thanks to pandemic). It is quite clear that RRSPs and my spouse's DB pension plan have to be declared. My question is, are they "custodial" or "other"? Just from the questions that come up in TurboTax, I'm thinking RRSPs probably fit "...
by MaggieA
Sun Apr 05, 2020 6:03 pm
Forum: Canada / United States Tax & Accounting
Topic: CPP and OAS
Replies: 16
Views: 2252

Re: CPP and OAS

@rafa02 wrote on this thread: ... as a point of interest, TaxAct now includes an option to claim treaty benefits RE Social Benefits for a number of countries, including Canada. Hopefully other software companies will include this in the future, and even expand to include SE tax. I purchased TaxAct P...
by MaggieA
Mon Dec 30, 2019 3:06 am
Forum: Canada / United States Tax & Accounting
Topic: Social Security Reporting
Replies: 5
Views: 1376

Re: Social Security Reporting

On some older threads it was said that a dual Canadian and US citizen residing in Canada should report their CPP and SS income on their US 1040, but report it as nontaxable. I couldn't get TurboTax to make my husband's CPP nontaxable on our 1040 last year, so I gave up and just omitted it. I reporte...
by MaggieA
Mon Apr 08, 2019 8:54 am
Forum: Canada / United States Tax & Accounting
Topic: CPP and OAS
Replies: 16
Views: 2252

Re: CPP and OAS

TT doesn't reject it. It just assigns it taxable income because it's a joint return and presumably I make above the threshold. However unless i'm misunderstanding, CPP paid to a Canadian resident US citizen isn't supposed to be taxed by the US, period.
by MaggieA
Sun Apr 07, 2019 8:54 pm
Forum: Canada / United States Tax & Accounting
Topic: CPP and OAS
Replies: 16
Views: 2252

Re: CPP and OAS

Re entering CPP on the 1040 SS line then putting taxable amount as zero, I cannot find a way to make TurboTax allow me to do that. Am tempted to just leave husband's CPP off our 1040 since it's not taxable anyway. How do others do this? Figure we can't be the only Canadian resident, US citizen recei...
by MaggieA
Sun Mar 24, 2019 12:26 pm
Forum: Canada / United States Tax & Accounting
Topic: CPP and OAS
Replies: 16
Views: 2252

Re: CPP and OAS

Your answers always reveal the straightforward and logical path through the jungle of frustration. Thank-you.
by MaggieA
Sun Mar 24, 2019 1:22 am
Forum: Canada / United States Tax & Accounting
Topic: CPP and OAS
Replies: 16
Views: 2252

Re: CPP and OAS

Replying to boost this above the spam and because I have a similar question. 1. rallo (OP) is a US resident dual citizen wanting to know where to enter CPP and OAS on the 1040. 2. Spouse and I are Canadian resident dual citizens and he has CPP. Same question - where to put this on the 1040, first to...