Serbinski Accounting Firms

Hi, So today, I received a big letter with the IRS stamp on it and in it was a letter 4087 from IRS. First notice I received since I sent them my tax under the "Streamlined Non-Resident, Non-Filer Program". They mention I forget 2 items: 1. FBAR TD F90-22.1 was suppose to be included in th...

Thanks Nelson!

Hi,

I do filed a forms (8891) for each plan every year. But does the election is base on each plan? If i'm adding a new RRSP, do I have to make another election for this RRSP or specify I already did my election and write the year?

Thanks

Hi,

I'm about to send my last 3 year taxes (2009-2011) to be compliant.
I was wondering if the defer election in 8891 is by plan (Account number) or one time for all?

I had new RRSP account in 2010, is it a new election or I use the 2009 year of my choice?

Thanks

Hi, I been told to be careful and check this one. Fonds de solidarite FTQ from Quebec, which is a RRSP in Canada, is it consider a RRSP the same as Sunlife/Desjardins RRSP for IRS? Is there any RRSP which is different in term of the treaty between Canada/US I should be careful? Also, stupid question...

I call ING again, they don't have any official paper but mention to go on CRA website.

From CRA, here the document I found for TFSA type:
http://www.cra-arc.gc.ca/E/pub/tg/rc4466/rc4466-12e.pdf (page 5-6)

From what I read, I suspect my ING Saving Account TFSA is a DEPOSIT type.

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Types of TFSAs
There are three different types of TFSAs that can be offered:
a deposit, an annuity contract, and an arrangement in trust.

- an arrangement in trust with an issuer that is authorized
in Canada to offer to the public its services as a trustee;

- an annuity contract with an issuer that is a licensed
annuities provider;

- A deposit with an issuer that is a person who is a
member, or is eligible to be a member, of the Canadian
Payments Association, or a credit union that is a
shareholder or member of a “centralâ€￾ for the purposes
of the Canadian Payments Act.
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[quote="nelsona"]ING specifically calls this account a non-trust, so you are fine with respect to 3520. However, it is not a sheltered account for US purposes, so remember to include any intwrst on your 1040.[/quote] Thank!! That is GREAT news. Yes, I did including them in my Schedule B &a...

Hi, I'm very confuse and hope someone can clarify my situation. In 2008, I open a [url=http://www.ingdirect.ca/en/save-invest/tfsa/index.html]Saving Account TFSA from ING Direct[/url] and every year I invest the maximum per year. $5K From what I'm reading lot of people mention that we need to fill 3...