Serbinski Accounting Firms

It seems like when one gets 40 credits for medicare from working in the US then the person automatically will have 40 credit from the US work as well. So then what is the use of counting canadian credits for social security when one reachs the age of 65 if the person already has 40 US credits? This ...

Can some one explain the social security totalization agreement between Canada & US? I have 24 credits for social security for the time I worked in the US. I need 40 credit to receive full social security and Medicare. I am wondering whether I can combine my credits from Canada to US credits for...

Then how do I prove that I sent it, if they ask me later? specially US agencies never send a reply unlike Revenue Canada send assessment etc.

I have to send the TD form to department of treasury soon. Is it OK if I send it on certified mail with return receipt? I want to have a record of them receiving it.

Can I also send 1040-X with RP 2002-23 on certified mail with return receipt to district IRS office?

I was going to file 217 merely to show to my state that I actualy had to pay 25% tax to Canada and it was not just a withholding. but I am not sure about whether I may get it to a different problem with CRA by doing that. since I have to declare the world income for that process, How do I get around...

Let me clarify that I understood you completely and I will do 1. I will leave company pension plan with the excess contribution in the company for this year as it is. 2. I will not report it on 8891 (or 3520/3520A) or to the state 3. I will trasfer it to LIRA in a future year and I will report it on...

How did you report RRSPs and LIRA for the state tax. If I keep the company pension plan as it is without transfering to a LIRA do I have to still report on 8891 and to the state?

My company told me that I could transfer it to a bank in Quebec or BC. IF I do so then can I collapse later on under Revenue Canada law? I read some place on the forum. Rev Prc. 2002-23 requires to report existance of company retirement plan. But I don't see it 8891 form Do I have to go back and inc...

I am from Ontario. my former company in Ontario told me that their company pension fund was set up under Ontario law. Does that mean if I trsfer it to a bank under LIRA that can not be broken?? Ontario certainly got a way to mess up people. How about I trasfer it to a bank out side Ontario. Let say ...

Nelson, is this still OK? I filed dual status 1040NR from Jan - May 31st and 1040 for June 1st to Dec 31st for the year 2002 with residency date starting June 1st 2002. According to what you explained to me my book value is $8200 converted to US$ and then income reporting on 16b would be $320 conver...

<u>what to report after distribution on 8891 and line 16b on 1040?</u> I read the all the treads But I am sorry that I am still not understanding this whole mess I got into. What is cost basis or book value in my case? Here is the scenario what happened to me. My RRSP was in a savings plan with inte...

Thank you Nelson, I am so glad I found out this great site and great people. What is LIRA? Contrary to what I was told before, I found out there was interest accrued in the company plan every year since I left the company. But they don't want to tell me how much each year. Is it good to transfer thi...

I recently found out that I have a pension plan ($2200) from a Canadian company that I quit in 1998. They could not contact me since I moved many times after 1998. They wanted to give me the option to keep the pension plan in the company and receive the distribution at age 65 or transfer it into a l...