Serbinski Accounting Firms

Does anyone know what criteria are used to determine whether dividends from Canadian companies are considered qualified for US tax purposes?

Is there a readily available list of Canadian large-cap companies whose dividends are considered qualified or non-qualified for US purposes?

Thanks.

Another reason to put the house in the just the husband's name is to avoid a phantom FX gain on the mortgage. If the mortgage were in the wife's name (in whole or in part), there could be US tax liability if the Cdn dollar depreciates relative to the US dollar between when the mortgage is taken out ...

Does anyone know how the IRS calculates foreign exchange gains on mortgages, and what triggers the gain? All of the examples I have seen online assume interest-only mortgages that are discharged when the property is sold. For example, assume a US citizen takes out a C$500,000 mortgage to buy a house...

Does anyone know if 401k accounts and IRAs are considered trusts for the purpose of asset classification in the balance sheet (Part V) section of Form 8854? That is, should the underlying assets of the 401k accounts and IRAs be listed in line 2 (marketable stock and securities) or line 9 (assets hel...

Thanks Nelsona.

I relinquished by green card in May of 2012, and have been patiently waiting for the new version of form 8854 to become available (the most recent version available on the IRS website is for 2011, and only is for people who expatriated between June 4, 2004 and December 31, 2011). I have called the I...