Search found 292 matches
- Sat Apr 20, 2024 11:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Living in US for 15 years - Just tuning into RRSP challenge!
- Replies: 9
- Views: 2824
Re: Living in US for 15 years - Just tuning into RRSP challenge!
say that to Frommontreal2AZ. I responded to his 2024 addition
- Tue Mar 05, 2024 10:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Living in US for 15 years - Just tuning into RRSP challenge!
- Replies: 9
- Views: 2824
Re: Living in US for 15 years - Just tuning into RRSP challenge!
Fug 1 2. Should I get compliant with 8938 and FBAR before I make this change? If so, how does one go about doing that? Amend my previous 3 years of returns? file streamlined amended 1040s before it closes. https://www.irs.gov/individuals/international-taxpayers/us-taxpayers-residing-outside-the-unit...
- Tue Mar 05, 2024 10:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Living in US for 15 years - Just tuning into RRSP challenge!
- Replies: 9
- Views: 2824
Re: Living in US for 15 years - Just tuning into RRSP challenge!
IR-2014-97, Oct. 7, 2014 The Internal Revenue Service today made it easier for taxpayers who hold interests in either of two popular Canadian retirement plans to get favorable U.S. tax treatment and took additional steps to simplify procedures for U.S. taxpayers with these plans. As part of this, th...
- Tue Mar 05, 2024 10:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Living in US for 15 years - Just tuning into RRSP challenge!
- Replies: 9
- Views: 2824
Re: Living in US for 15 years - Just tuning into RRSP challenge!
Nelsona - can you pls cite the source for saying 'You need to produce at the least the last 3 years of form 8891'? Just curious how you know that once the 8891 requirement was dropped years ago, cannuckinpa would now need to file those? My gut reaction would have been otherwise. cannuckinpa consider...
- Tue Mar 05, 2024 10:20 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 1099 for work performed in Canada
- Replies: 7
- Views: 8442
Re: 1099 for work performed in Canada
thank you my parrot sarahlly unless you're a chatbot
- Sun Mar 03, 2024 12:05 am
- Forum: Canada / United States Tax & Accounting
- Topic: Forgot to report an account on FBAR since 2016 :(
- Replies: 4
- Views: 380
- Tue Feb 27, 2024 4:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP Withdrawal FreeTaxUSA
- Replies: 1
- Views: 254
Re: RRSP Withdrawal FreeTaxUSA
Questrade does have EIN, which you can use free online EIN finders to locate FYI in context of 1065 Schedule K-1 and K-3 the IRS has issued a statement concerning the removal of FOREIGNUS as a taxpayer identification number (TIN). If the foreign partner does not have a valid SSN or TIN, then enter 0...
- Tue Feb 27, 2024 4:28 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax Filing Software
- Replies: 6
- Views: 586
Re: Tax Filing Software
Drake
- Tue Feb 27, 2024 4:26 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to report RRSP withdrawal/closure on Form 8938?
- Replies: 2
- Views: 293
Re: How to report RRSP withdrawal/closure on Form 8938?
use the open/close form boxes, tick 'closed' in your case
- Tue Feb 27, 2024 4:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US and Canada Tax questions on sale of a US House
- Replies: 15
- Views: 909
Re: US and Canada Tax questions on sale of a US House
"can I qualify for the principal residence exemption, similar to US residents, and not have to report the sale to the IRS for the 2023 Tax Return?' There is a false premise embedded in this question. When US property is sold, Form 1099-S is filed with IRS and when claiming PRE, the sale, gain a...
- Tue Feb 27, 2024 4:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: W-8BEN Rev 2021 - Question 6a/6b
- Replies: 3
- Views: 226
Re: W-8BEN Rev 2021 - Question 6a/6b
put SIN on 6a, leave 6b blank. 6b is only checked when your country doesn't issue you a tax ID.
- Sun Jan 07, 2024 9:28 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Married file jointly vs separately
- Replies: 2
- Views: 24229
Re: Married file jointly vs separately
You can amend a return to change from married filing separate to married filing joint but not from married filing joint to married filing separate unless you do so prior to the original filing deadline without extensions. So, once you file a joint return you can not change it to a separate return if...
- Fri Dec 29, 2023 10:10 am
- Forum: Canada / United States Tax & Accounting
- Topic: Us citizen selling selling their home with CDN spouse
- Replies: 12
- Views: 121455
Re: Us citizen selling selling their home with CDN spouse
So, you're saying that in your original reply 'Yes, you report half the gain, which means you should be tax fee, and may not even have to report the sale', you should only have stated 'Yes, you report half the gain, which means you should be tax fee'
- Wed Dec 27, 2023 2:24 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Us citizen selling selling their home with CDN spouse
- Replies: 12
- Views: 121455
Re: Us citizen selling selling their home with CDN spouse
The importance of the phrase "MAY not have to report" seems to have been overlooked. These were your words, not mine. There's no overlooking when clarifying when and when not an excluded sale would be reported on 1040.
- Wed Dec 27, 2023 2:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Us citizen selling selling their home with CDN spouse
- Replies: 12
- Views: 121455
Re: Us citizen selling selling their home with CDN spouse
But Cdn spouses and current residents selling a US property, whose 2/5 yes residency qualified it as principle residence, would.