Search found 56 matches

by sjantzi
Wed Jan 02, 2019 5:26 pm
Forum: Canada / United States Tax & Accounting
Topic: Credit for Other Dependents
Replies: 3
Views: 370

Re: Credit for Other Dependents

Thank you for the reply!

Just to clarify a detail.

Would I only claim this credit on the 1040NR and NOT both (1040NR AND 1040 pro forma)?
by sjantzi
Wed Jan 02, 2019 2:09 pm
Forum: Canada / United States Tax & Accounting
Topic: Credit for Other Dependents
Replies: 3
Views: 370

Credit for Other Dependents

IRS states to qualify for the Credit for Other Dependents the dependent must be a U.S. citizen, U.S. national, or U.S. resident alien.

If a Cnd citizen + Cnd resident chooses to file a XXV 1040, as a resident for tax purposes. Can they use this credit?
by sjantzi
Thu Oct 18, 2018 3:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Living in Canada working remotely for US company
Replies: 2
Views: 309

Re: Living in Canada working remotely for US company

BTW, I'm a Canadian citizen and NOT and American citizen
by sjantzi
Thu Oct 18, 2018 2:59 pm
Forum: Canada / United States Tax & Accounting
Topic: Living in Canada working remotely for US company
Replies: 2
Views: 309

Living in Canada working remotely for US company

I've been living in Canada and crossing the border everyday to work for this company for about 17 years as an employee (W2). Their Canadian arm recently opened an office on Canadian side (Windsor) and I've taken one of the offices there and have been working remotely. Would this have any effect on h...
by sjantzi
Thu Mar 01, 2018 4:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Family Tax Credit on 1040NR?
Replies: 23
Views: 3214

I've been filling 1040NR XXV(2)

If I were to file a normal 1040, I would have file FBAR etc correct? This has not changed?
by sjantzi
Thu Mar 01, 2018 3:56 pm
Forum: Canada / United States Tax & Accounting
Topic: Family Tax Credit on 1040NR?
Replies: 23
Views: 3214

I have a spreadsheet that calculates my Cnd/US 1040/US 1040NR so I can easily play with the numbers and see what the best outcome is. With the new tax changes its pretty much a wash, no real difference from 2017. If I do get the $500 credit per dependent that does increase my take home a bit which m...
by sjantzi
Thu Mar 01, 2018 3:40 pm
Forum: Canada / United States Tax & Accounting
Topic: Family Tax Credit on 1040NR?
Replies: 23
Views: 3214

I never claimed child tax credit since it appeared I could not since my kids were Cdn and non-residents.

I did and do however claim them as dependents for personal exemptions
by sjantzi
Thu Mar 01, 2018 2:55 pm
Forum: Canada / United States Tax & Accounting
Topic: Family Tax Credit on 1040NR?
Replies: 23
Views: 3214

Just to be clear I'm referring to personal exemptions ($4050 per exemption)
by sjantzi
Thu Mar 01, 2018 2:47 pm
Forum: Canada / United States Tax & Accounting
Topic: Family Tax Credit on 1040NR?
Replies: 23
Views: 3214

Family Tax Credit on 1040NR?

I'm reading that the exemptions on 1040 have been replaced with a $500 tax credit per dependent. Do we know if this will also be on the 1040NR?
by sjantzi
Tue Dec 19, 2017 2:15 pm
Forum: Canada / United States Tax & Accounting
Topic: GOP tax bill
Replies: 1
Views: 683

GOP tax bill

Has there been any word on how this could effect 1040NR filers? By my calculations my taxes will go up about $2500, I hope I'm wrong
by sjantzi
Tue Apr 04, 2017 3:50 pm
Forum: Canada / United States Tax & Accounting
Topic: Renew ITIN with 1040NR
Replies: 7
Views: 892

Your correct even with the penalty its still lower than Cnd tax but I found that the lower my USA tax (in retirement) the more I can split with my wife (using spousal RRSP) and lower our total tax further
by sjantzi
Tue Apr 04, 2017 3:06 pm
Forum: Canada / United States Tax & Accounting
Topic: Renew ITIN with 1040NR
Replies: 7
Views: 892

I wasn't implying you didn't know, I was offering my numbers.

I stopped 401k contributions. My intention is to retire early (50) and I cant stomach the penalty for early withdrawals.

I do XXV(2).

Having 2 dependents lowers my USA tax by about $2k allowing me to add an addition $6k to my RRSP
by sjantzi
Tue Apr 04, 2017 2:31 pm
Forum: Canada / United States Tax & Accounting
Topic: Renew ITIN with 1040NR
Replies: 7
Views: 892

I can give more detail if ya like
by sjantzi
Tue Apr 04, 2017 2:29 pm
Forum: Canada / United States Tax & Accounting
Topic: Renew ITIN with 1040NR
Replies: 7
Views: 892

Lowering my USA tax allows me to invest more into RRSPs
by sjantzi
Tue Apr 04, 2017 1:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Renew ITIN with 1040NR
Replies: 7
Views: 892

Renew ITIN with 1040NR

I'm getting mixed information from the idiots at the IRS. After spending almost 5 months trying to renew my kids ITINs I need to start over from scratch. One agent told me to include the applications with my 2016 tax return (1040NR) but mail it to the ITIN department in Austin and they would process...