Serbinski Accounting Firms

Thanks a lot for your help Nelsona. I should have found this site earlier.

Paid 400 or so dollars to HR in US/Canada and now end up having to amend both returns.

Do I have to report my home in Canada or value of that to the IRS ? Its the only home I own.

My original 1040, schedule B , Line 7a and 7b is "yes". Foreign country is Canada.

Line 8 was marked as " no" . I will change to a "yes" in the 1040X.

Do I have to file form 3520 as well ? Lots of lines in there.

I will get a paper 1040X and 8891 and drop if off at an IRS office nearby.

No, I have not taken anything out from my RRSP. I will enter zero.



I just called up the IRS helpline. They asked me to file a 1040X along with the 8891 .

So, my 16a and 16b in 1040X will also be zero .

Numbers in my old 1040 don't change. Can I just send a copy of the old 1040 and the ...

A question about filling the 8891 form.

Line 7a - distributions from plan - 500 dollars

Line 7b - taxable distributions - what do I enter here ? Is it the same figure as above ?

All dividends were reinvested into the rrsp.

Yes, I have the required info for the 8891 in my online banking account.

I will inform them that I m living in the US.

Now that my 2012 Canadian return was filed incorrectly by HR block, you have advised me to wait for the assessment and then do the correction.

Is the deadline for the T1161 form ...

I will file the amendment to the 1040.

You do mention "election to defer tax" .

Does this mean that , 35 or so years down the line, when I pull money out of my RRSP , I will owe taxes to the IRS , even if I stop employment in the US in the next year or two .

I guess I will have to make a trip ...

I have already done my US taxes for 2012 and gotten a refund.

8891 has to be filed along with that , how do I do that now ?

Also, the deemed disposition , is it like FMV minus the original buying price , 50 % of that is taxable income ? If so, do I have to report in both US and Canada ?

Its my ...

I have not followed what HR block USA said with regards to FBAR. I have already sent in completed form.

Do you know if I get a receipt from that department confirming everything is up to date ?

My Canadian taxes for 2012 were filed through an HR block in Toronto. First time ever I m using them. I ...

I am living and working in the US since Feb 2012 .

I still own my home in Ontario ( no one living there, I do come to Canada for a couple days once every three or four months) .

I also have bank accounts. credit cards and RRSP accounts in Canada.

Last month , I went to Canada and did my ...