Serbinski Accounting Firms

I will be going through domestic streamline process. My question is that i had a corp closed in 2008, bank account tied to the corp closed in 2011. Now when i file my fbar how should i list this account? as corporation or personal? If i list is as corp would i have to explain on amended return? Thanks

JCGA is correct. I had a call from a CRA auditor a year after i moved to the US. She had a few question regarding my tax return i answered her all the questions, 4 months later i called CRA to find out that i wasn't under any audit.

Dave i think all i need is to send a fax to CI and i am good. I haven't submit any documentation besides the fax to ci.

Do i just need to send 1040x for domestic streamline or does it have to be both 1040 and 1040x?

Thank You

Sorry what does it mean if one is in pre clearance?
Hiw does one transfer to streamline>
Thanks

oops in ci preclearence
Thanks

Since i am not in OVDP it would be interesting to know what my lawyer would have to say.
If i have to go to the program spend another few years and opt out to go into streamline would not make sense
Thanks

Can someone whose in pre clearence move to the Streamline process?
Thanks

What diws it nean for someone who just joined ovdi still in pre clearance?

Sorry Nelson but one last question based on what i am reading maybe a bad idea to join pre clearence. Is their anyways i can get out of this?

My attorney filed this 2 weeks ago?
Thanks

I've never heard of ovdi going after failure to file a return so far back,

Nelson this didnt come from my attorney i was just thinking out loud on my own to fix this first but if i don't have to i wont i'll add the missing income from bank account and go from their
Will check with my attorney
Thanks

Remember this rule: whether a source of incoem is taxable has NOTHING to do with what account it was put in, or in what currency it was paid


Thanks based on this i might just file 5471...
Will talk to my lawyer
Thanks once again

I am going through a lawyer the problem is that these lawyers sometimes seems like have no clue of what needs to be done.

My question is that i am being told that ovdi process goes back 8 year is this true? If so then i need to fix my 2007 return no?

The year in question is 2007, the canadian corp was closed the following year. i joined the ovdi because of not filing fbar and unreported bank interest. The lawyer i am going thoruhg is saying just file the 5471 and that's that. I think for ovdp you need to go back and amend return for 8 years. My ...

Correct i was a US resident for the tax year in question and even now. The 8 year i am told is for the OVdp from 2005-2012 My question remains since the money was deposited in my personal bank account in the US and then the consulting company decided to show in my corporate on which i have already f...