Search found 5 matches

by sebaz25
Mon Apr 22, 2013 12:50 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP Closed in 2012 how to file with IRS
Replies: 12
Views: 6054

Thanks Nelson. That clears up any confusion filling out the form.

Any knowledge of penalty amounts or amount of interest charged etc?

It appears I needed to include about $161 of income for 2010. $74 loss of income in 2011 tax year.

I just received my statements and the adjusted book values ...
by sebaz25
Mon Apr 22, 2013 8:59 am
Forum: Canada / United States Tax & Accounting
Topic: RRSP Closed in 2012 how to file with IRS
Replies: 12
Views: 6054

[quote="nelsona"]If you chose to file a full year 1040 in 2010, then your cost basis is from dec 31 o the previous year, not your arrivakl date. Remember, cost basis is not FMV.[/quote]

Thank you for your helpful advice!

I will request my statement from year end 2009, 2010, 2011 and the final ...
by sebaz25
Sat Apr 20, 2013 8:58 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP Closed in 2012 how to file with IRS
Replies: 12
Views: 6054

Nelson,

Thank you for your information. I have a question regarding ammending my 2010 return and adding in the missing income (or loss there of).

I'm guessing I would be using the cost basis of the RRSP from the date I became a resident (May 2010) and not the cost basis from the beginning of the ...
by sebaz25
Mon Apr 15, 2013 10:02 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP Closed in 2012 how to file with IRS
Replies: 12
Views: 6054

[quote="nelsona"]If you have read my posts, then there us nothing to add. especially on april 15.[/quote]

Nelson,

Thank you for your response. I filed for an extension a few days ago to help me get my forms in order.

I have only read "one" post from you about an American living in Canada with a ...
by sebaz25
Mon Apr 15, 2013 8:46 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP Closed in 2012 how to file with IRS
Replies: 12
Views: 6054

NelsonA,

You seem very knowledgeable on the cross border taxation. I read one of your posts dealing with Canadians who have RRSP's living as a residents of the United States. You had some very good advice and I was wondering if I could pick your brain regarding my situation?

I cashed out my RRSP ...