Serbinski Accounting Firms

[quote="nelsona"]already answered on TN forum you posted on. This is not a tax issue, so should not be posted here. There is a separate immigration forum on this site if you need more information.[/quote] My mistake. Just saw your reply on the other forum. Have to figure this out ASAP so w...

Hi all, I am currently in the US on a full-time TN visa. I have the opportunity to work part-time as an independent contractor (scientist) for a US medical company. In this regard, I have a few questions: Does the TN letter need to state specifically that I will be an "independent contractor&qu...

Hi there, I am currently in the US on a TN visa. My girlfriend is self-employed in Canada working as a home-based nutritional consultant (independent contractor). Is it possible for her to consult with US clients while visiting in the US? She'll be visiting for several months (<100 days) and wants t...

Great thank you nelson! I unfortunately did not crystalize my gains when I left as I wasn't yet sure whether I'd be returning to Canada or not. But my gains were very small so it seems a deduction is the way to go.

In researching, I also believe that I incorrectly used the market value of the RRSP rather than the book value on last year's 8891. Does that need to be corrected before I withdraw?

Everything I've read on this forum seems to suggest I'll only be taxed on the earnings of the RRSP since moving to the US (which is very little in my case).

My concern is how much of the cash value of the RRSP can I use to pay off debt?

If there are additional taxes to be applied on the US side, I should save some of the cash value of the RRSP in order to pay those taxes.

Hi JGCA, I've accrued very little on my RRSP so taxation will be small (I elected to defer Federal taxes last year and paid Cali taxes on my earnings last year). I've probably accrued a few hundred dollars. From your response, it appears that the withdrawal is subject to additional state and federal...

As a quick follow-up: do I need to backfile an 8891 for each year the RRSP was active? I filed one for last year (the year I moved to the US).

Hi, I know there are many threads on RRSP withdrawals but I've read through dozens and still can't find the answer to my question. I am in my first full year as a US resident alien having arrived to California last year on a TN Visa. I will be filing this year's taxes with a tax specialist (perhaps ...

Answered my own question:

I can leave those sections blank or I can attach a 1040 to my 540NR.

Thanks

I did not file a Schedule A on my federal return (already mailed it) as I claimed the standard deduction. I've noticed on Schedule CA 540NR that I am required to report certain items from 1040 Schedule A. I have filled these in on Schedule CA 540NR; however, they end up being irrelevant since I will...

Nevermind, found it in the instructions. I will add it to Line 8. Please let me know if that is incorrect.

First year filing California state taxes as a part-year resident. I have a $13,000 Canadian RRSP. I filed 8891 to exempt federal taxation. My understanding is that RRSP earnings are taxable in California and must be claimed on 540NR and added to gross income. My RRSP earned $685. Is this the value I...

Moved to U.S. from Canada in 2012.

I'm filing 2555 and claiming physical presence test to file as full year resident.

Line 9 (or line 11a of 2555-EZ) of 2555 asks for my tax homes and dates established.

For my Canadian tax home date established, do I put my birth date?