Serbinski Accounting Firms

and as I replied to that post, Carson was wrong to make that comment too. Actual real life clients were denied FTC by CRA for not filing 1040NR to report correctly wh 15% div. Carson is overcomplicating taxpayers' lives by advising them to ignore my advice to file to avoid CRA hassle. I've been prac...

Totally unnecessary comment. and again incorrect. I am a licensed CPA tax pro

RE: The simplest would be to give him the money and HE buy it for him outright now, since either way you would need to declare the gift. Also, that way you have no future income to report when it is sold. That is incorrect on a number of accounts. First, the facts are his presented choices are a cas...

RE:I disagree though with ND that you should do this to be able to claim your US withholding tax as a FTC on your Canadian return. CRA are just fine with US non-resident tax slips or T3/T5's showing US 15% tax withheld. Let's not overcomplicate this. Not helpful to the readers of this forum that you...

RE:I disagree though with ND that you should do this to be able to claim your US withholding tax as a FTC on your Canadian return. CRA are just fine with US non-resident tax slips or T3/T5's showing US 15% tax withheld. Let's not overcomplicate this. Not helpful to the readers of this forum that you...

If one is required to file 8833 and IRS catches a missed filing, IRS is in its rights to impose a USD$1,000 penalty (this rise to $10,000 for corporations).

recapture in US is not the same as in Canada. In US, it's a moot point since 1250 property is depreciated SL the same both ways with no difference for potential recapture, so there isn't recapture since MACRS came around. What there is IS for rental properties that reported on net basis but never fi...

I disagree with all above comments. "If you were not filing a 1040NR, you would not need to report these." why would one suddenly become required to report dividend income on a 1040NR rental return that one would not otherwise be required to report on a stand-alone return!? As well, IRS is...

see:
https://www.usvisahelp.com/can-i-enter- ... n-employer

I was afraid you'd say Article II.2(b)(iii). That article refers to required tax. If an American employer pays unrequired tax for a Cdn employee who should instead have been on their, or a PEO outsourced, Cdn payroll system, there is no basis for CRA to allow FTC on T1 for tax that should never have...

'Always be wary of CRA telephlunkie explanations'

To file MFJ, your return must include an election that your NRA legal wife signs, in addition to her signing the 1040. To apply for ITINs you will need the passports of your wife and child and for wife to sign W-7. see: https://apps.irs.gov/app/vita/content/globalmedia/4491_child_tax_credit.pdf http...

" plus the FICA that was withheld" what's the source for that and why wouldn't Canada deny based on arguing that since work was performed physically in Canada, the employee should have instead been on T4 and since no FICA should have been paid, none can be claimed as FTC on T1?

RE: "You are however allowed to claim the FICA that you paid"

Can you pls post the source for that?

Watch for the T1 excess RRSP contribution penalty if you are not claiming the full transfer. CRA will demand a T1_OVP https://www.canada.ca/en/revenue-agency ... 1-ovp.html

factor in FX and any other income.