Serbinski Accounting Firms

Hi didnotknow,

Is your father a US citizen? I'm not sure about how the rules may have changed over the years - but my understanding is that US citizen is only automatically conferred at birth if:
1. You were born in the US - which you weren't
2. BOTH parents are US citizens when you were born ...

For now, no reporting on form 8891 is required. When you leave the company and your pension plan gets rolled into a Locked-in Retirement Account (LIRA) then it gets treated as an RRSP and at that time, it will require reporting on form 8891.

It is my understanding that while this account is a ...

Yeah - I know what you mean. When I file my Quebec provincial tax return, I actually get a pleasant "thank you for filing letter" - how civilized!. Although, I'd still rather pay lower taxes and hear nothing.

Hi Nanic,

No - usually you don't hear anything. No news is good news.

Hi Ianman2000,

This is an interesting one. Could you clarify what your filing situation is? From what I have read in this thread, it seems that you are a US citizen living in Canada with both Canadian and US source income. Is this correct?

Regarding the US source income - doesn't the treaty kick ...

Thank you nelsona - this clears up a lot.

Hi nelsona,

Thank you for your reply. I didn't actually know that pension income is considered "general category" I assumed it was passive. Is this true for CPP benefits as well?

I appreciate your comments.

Hi All,

I have a question regarding pension income splitting. This applies to my mother who is a US citizen, resident in Canada, married to a non-US citizen.
If my Mom's husband receives a pension and elects to "income split", does the pension income reported on my Mom's Cdn return have to be ...

Aw - sorry - I missed a paragraph from Frankd1.

Hi Frankd1,

Do your children already have US passports and social security numbers?
I would still recommend checking with the state department. I am sure that they are eligible for US citizenship, but it may not necessarily be automatic (ie. they could choose not to exercise it).

My understanding ...

Hi All,

I'm a US citizen living in Canada. I've recently learned from reading this forum, and other websites that most foreign (Canadian) mutual funds are considered PFICs for US tax purposes.

I also recently filed form 3520A and 3520 for my TFSA which contains Cdn mutual funds - but the balance ...

Hi Primo - thanks for keeping us updated. I backfiled forms 3520 and 3520A for my TFSA early this month for the tax years of 2010 and 2011. I'll keep everyone posted if I hear anything back. I too have lived in Canada since birth - and backfiled 6 years of 1040s and FBARs in mid 2011.

Hi Newbe12345,

I'm definitely not a professional, so I can't give you professional advice. However, after reading your situation, it sounds like you have only made inocent mistakes. I would suggest you follow nelsona's suggestion - and also discuss your situation with a tax accountant how is ...

Thank you nelsona - I'm going send this in right away.

Hi Nelsona, Sorry, I meant to post this on the "poetic justice" thread - but thanks for responding. Is the time limit in my case this October?
I thought that if I file an amended 2008X, the limit for refunds is 3 years after the due date of the 2008 return, so wouldn't my limit be April 15, 2012? I ...