Serbinski Accounting Firms

Thanks all. What do you think about the need to include a Canadian line of credit and a credit card which we retain but are unused (have 0 balance and have had since we moved to the US), in either: - form 8938, for reporting "foreign financial assets". A line of credit is technically an ac...

I think it is the 17th, today. The form instructions say mail by the deadline for tthe 1040 itself.

Dang. Now I'm stumped on how to fill out the rest of the 8891 when we have taken no funds from the RRSPs of any kind nor made contributions. There are no definitions for the fields after 7 on the 8891 and I can find no other instruction document, RP or IRB as you can sometimes scrounge for which pro...

OK, from another thread I've learned that I need to file an extension for this year, then go back to file amended returns, starting with 2008 in which I'll check "no", I have not previously made the election and request the election for 2008 and all subsequent yearss, then do 2009 and 2010...

Great, thanks.

What does "QD" stand for?

[quote="nelsona"]You need to file the others first. There is no rush to file this year's.[/quote] So for those of us about to file for 2010 who need also to backfile 8891s as well as TDRs, I guess we should: 1. file an extension for this year. 2. do the backfile for the 8891s we missed, an...

Sorry, one additional question. We also have an unused Canadian line of credit and unused credit card account both with 0 balance since we moved to US. Are those also reportable financial accounts? They are not "assets" in reality, nor are they defined as a type of account covered in the d...

Hello, I would appreciate any last minute review and OK or correction on this from a generous knowledgeable soul. I after researching as much as I can online including the obvious threads here, I think I have the recommended procedures right, and am looking for hopefully a quick confirmation or corr...