Serbinski Accounting Firms

Also Contact Marc Pavlopoulos marc@syndesus.com to explore PEO
Syndesus is an Employer of Record (also known as a PEO – Professional Employer Service) in Canada who legally employs Canadians in Canada to work for US companies.

Syndesus collects and remits all Canadian employer and employee taxes to ...

Also Contact Marc Pavlopoulos marc@syndesus.com to explore PEO
Syndesus is an Employer of Record (also known as a PEO – Professional Employer Service) in Canada who legally employs Canadians in Canada to work for US companies.

Syndesus collects and remits all Canadian employer and employee taxes to ...

Contact Marc Pavlopoulos marc@syndesus.com for your PEO questions,
Syndesus is an Employer of Record (also known as a PEO – Professional Employer Service) in Canada who legally employs Canadians in Canada to work for US companies.

Syndesus collects and remits all Canadian employer and employee ...

Look above, you'll see I publicly posted the answer

"Suppose, I leave the US (but continue working for the California company)"
You need your whole house in order and entirely consistent.

FIRPTA and other w/h is for NRA who otherwise wouldn't be reporting income tax to IRS on an income tax return. I suspect that for the sale of your house since you ...

Investigate whether Reg § 301.6114-1(b)(1) requires including 8833 with your return. "...a list of particular positions for which reporting is specifically required....That a nondiscrimination provision of a treaty precludes the application of any otherwise applicable Code provision...

FYI The buzz word you want to use in your search for info on topic is 'phantom' as in foreign exchange based phantom capital gains

Contact Marc Pavlopoulos marc@syndesus.com
Syndesus is an Employer of Record (also known as a PEO – Professional Employer Service) in Canada who legally employs Canadians in Canada to work for US companies.

Syndesus collects and remits all Canadian employer and employee taxes to the CRA. You ...

"Beware of answers given by private message, as they are unvetted by other "experts". A correct and legal answer can always stand in the light of day."

My answer is NOT unvetted. I am a tax expert. I do have the perfect referral for you to exactly help your situation without needing a tax solution ...

Private message me or give me your contact and I will give you the perfect solution that you seek as US employed Cdn resident with happy employer.

and don't forget C corp filing 1042 series of 3 forms, the treaty reduced rate of w/h of dividends paid to Canada can be either 15% or 5%, the latter where 10% ownership exists.

"Aa a US taxapayer, you MUST depreciate yearly the properrty,". I don't believe that's accurate. When one sells a rental property, the cap gain must be calculated using allowable depreciation even if not taken but there's not a per se requirement to take depreciation (it's just a dumb tax move).

oakweather- But my understanding is that FBAR, 8938, etc. are normally for account holders or those with signatory power over the account to file (e.g. parents).
your understanding is incorrect. Treasury considers mere access to an account as requiring FBAR. In its FBAR webinar, Treasury said that ...

The 'something new' was that in an IRS webcast Thursday (Foreign Tax Credit Creditability Around the Globe Date) IRS specifically stated that Cdn CPP is NOT creditable as FTC in spite of treaty.

CPP cannot be claimed as FTC on 1040 due to its inclusion in Totalization Agreement.

EI may be claimed as FTC on 1040 due to its exclusion in Totalization Agreement. It still must meet the four tests of meeting the definition of qualifying 'tax'. EI refunded or credited on T1 must be backed out ...