Search found 8 matches

by younevercall
Mon Feb 03, 2020 3:59 pm
Forum: Canada / United States Tax & Accounting
Topic: NOL on 1040 but
Replies: 4
Views: 2858

Re: NOL on 1040 but

Thank you again
by younevercall
Sun Feb 02, 2020 10:53 pm
Forum: Canada / United States Tax & Accounting
Topic: NOL on 1040 but
Replies: 4
Views: 2858

Re: NOL on 1040 but

Thx Nelsona and for the quick response. Second thanks as I was under the impression that NOL was carryforward for 20 years and I now googled and see that it was changed to forever. But its confusing, as it has a special calculation for NOL. And now I have another question. I have not been reporting ...
by younevercall
Sun Feb 02, 2020 4:49 pm
Forum: Canada / United States Tax & Accounting
Topic: NOL on 1040 but
Replies: 4
Views: 2858

NOL on 1040 but

I sometimes browse the threads and they are tremendously informative - thanks to all When I lived in the states, I had a signficant loss (I believe it is referred to as NOL net operating loss) one year. Since moving to Canada, I have not had the opportunity to use the loss as our income is less than...
by younevercall
Fri Jan 03, 2014 4:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Corp Opening Bank Account in USA
Replies: 0
Views: 1712

Canadian Corp Opening Bank Account in USA

I have incorporated in Canada and have many US clients. I would like to open a bank account in the US for the Corporation so that I can deposit checks immediately and not wait until I have returned to Canada and further wait the absurd/bizarre 30 business day wait times Canadian banks have for US ch...
by younevercall
Mon Dec 31, 2012 1:50 pm
Forum: Canada / United States Tax & Accounting
Topic: USC living in Canada seeking to incorporate
Replies: 7
Views: 4874

Thanks for the immediate response.
by younevercall
Mon Dec 31, 2012 11:33 am
Forum: Canada / United States Tax & Accounting
Topic: USC living in Canada seeking to incorporate
Replies: 7
Views: 4874

Wow, you are great. Thank you. 1. At times, I work in the US on clients premises but its all work that generally can also be done from Canada. Is that work considered at my Canadian place of business? 1st time situation this morning and now have a related question to ask others. Another consultant i...
by younevercall
Sun Dec 30, 2012 9:10 pm
Forum: Canada / United States Tax & Accounting
Topic: USC living in Canada seeking to incorporate
Replies: 7
Views: 4874

Thank you for the comprehensive response. You mentioned that '[i]but disclosure of your foreign corp is required but no tax if the income is from Canada[/i].', I have 3 questions. 1. Is the disclosure triggered simply because a USC is an owner/shareholder or is the required disclosure triggered by a...
by younevercall
Fri Dec 28, 2012 1:45 pm
Forum: Canada / United States Tax & Accounting
Topic: USC living in Canada seeking to incorporate
Replies: 7
Views: 4874

USC living in Canada seeking to incorporate

Great forum. I have read through alot of the threads and I may have missed the answers to some of my questions. I and my wife are both USCs residing in Canada. I am a consultant and my client base is primarily US based. I am there quite often - but less than 183. I have not incorporated anywhere. I ...