Can Canadian dividends paid my a private corporation be classified as earned income for the US Earned Income Deduction ?
Thanks
Search found 37 matches
- Mon Dec 16, 2013 6:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Small Corp Dividends
- Replies: 6
- Views: 3504
- Sun Dec 15, 2013 11:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: state tax ?
- Replies: 3
- Views: 3029
- Wed Dec 11, 2013 8:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: state tax ?
- Replies: 3
- Views: 3029
state tax ?
Does a Canadian corporation that sells product to all states need to file state or franchise tax returns ? The corporation distributes its product via a pick and pack warehouse located in the United States.
Thanks for your thoughts.
Thanks for your thoughts.
- Thu Oct 31, 2013 7:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: subpart f income
- Replies: 1
- Views: 1430
subpart f income
Can anybody tell me whether the gain on sale of Canadian real property by a Controlled Foreign Corporation is subpart f income to the corporations US shareholders.
Thanks
Thanks
- Thu Oct 31, 2013 7:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: subpart f income
- Replies: 0
- Views: 1368
subpart f income
Can anybody tell me whether the gain on sale of Canadian real property by a Controlled Foreign Corporation is subpart f income to the corporations US shareholders.
Thanks
Thanks
- Thu Oct 03, 2013 6:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: mandatory inventory adjustment
- Replies: 0
- Views: 1735
mandatory inventory adjustment
Does the US have anything similar to the mandatory inventory adjustment used by Canadian farmers ? Can Canadian farmers book this adjustment anywhere legitimately on form F ?
Thanks
Thanks
- Thu Oct 03, 2013 5:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: FBAR - Will they still accept paper forms?
- Replies: 10
- Views: 5755
- Wed Sep 25, 2013 11:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Late FBAR filing
- Replies: 5
- Views: 4585
- Thu May 02, 2013 11:13 am
- Forum: Canada / United States Tax & Accounting
- Topic: Child Tax Credit
- Replies: 6
- Views: 3987
Child Tax Credit
If a US citizen resides in the US with children and Green Card holder works and primarily resides in Canada, can: 1) child tax credit be claimed in a joint return ? 2) can amended returns be claimed on wife's "married filing seperatly" return before the spouse had Green Card and before the...
- Mon Apr 29, 2013 11:12 am
- Forum: Canada / United States Tax & Accounting
- Topic: recaptured depreciation
- Replies: 3
- Views: 2489
- Sat Apr 27, 2013 11:00 pm
- Forum: Canada / United States Tax & Accounting
- Topic: recaptured depreciation
- Replies: 3
- Views: 2489
- Sat Apr 27, 2013 12:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: recaptured depreciation
- Replies: 3
- Views: 2489
recaptured depreciation
Here is a question I can't seem to find an answer for and I'm sure it is a common situation. Assume an asset has depreciation of $5000 and because of passive loss limitations the loss cannot be utilized. If the asset sells for more than the depreciated basis does the depreciation have to be recovere...
- Thu Apr 11, 2013 1:40 am
- Forum: Canada / United States Tax & Accounting
- Topic: First tax year in the USA
- Replies: 7
- Views: 4509
- Wed Mar 20, 2013 4:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Cdn foreign tax credit on US capital gain
- Replies: 3
- Views: 2317
- Wed Mar 20, 2013 2:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Cdn foreign tax credit on US capital gain
- Replies: 3
- Views: 2317
Cdn foreign tax credit on US capital gain
I need help getting my head around this. I purchased US property in 1976 for $ 41000 I took 1994 Cdn election to report capital gain bumping up my Cdn ACB to 164,714 I sold the property in 2012 for: 275000 My question is do I claim US foreign tax credits on my Cdn return for US taxes paid on entire ...