Search found 5 matches

by millerh
Thu Jun 13, 2013 7:23 pm
Forum: Canada / United States Tax & Accounting
Topic: OVDI questions
Replies: 1
Views: 2707

OVDI questions

Good evening, I am hoping that some folks on the forum could help with some OVDI form questions since we're working on the package. I wish we could do a streamlined filing, but we're in the US. A couple of questions, trying not to be long-winded here: Foreign account or asset statement: 1. For joint...
by millerh
Thu May 16, 2013 6:16 am
Forum: Canada / United States Tax & Accounting
Topic: Cashed in RRSP - never filed 8891
Replies: 1
Views: 1899

Cashed in RRSP - never filed 8891

We just cashed in our RRSPs in 2012 and we've had our tax returns on extension and would like to file. Seeing as we never made an election to defer and never took a distribution from them in prior years, how should we answer the question on deferring income? Is this one of those cases where one need...
by millerh
Wed May 15, 2013 7:30 pm
Forum: Canada / United States Tax & Accounting
Topic: Fired accounting firm tonight for OVDI
Replies: 2
Views: 2852

Fired accounting firm tonight for OVDI

Good evening, I just wanted an opinion, whether it was stupid or not, but at this point, we've had to fire our accounting firm that was doing our tax returns for OVDI since QD or noisy disclosure is not recommended. Seeing as we owe perhaps about $50-100 in tax across 8 years as we see it, we had to...
by millerh
Fri May 03, 2013 4:37 am
Forum: Canada / United States Tax & Accounting
Topic: Advice on OVDI position or QD
Replies: 4
Views: 5562

One would think that common sense should apply, but a couple of things: 1. We're not resident in Canada anymore and haven't been since late 2009, so no streamlined ovdi for us 2. Been to the Isaac Brock Society's website many times over for resources and there's lots of people in this situation My o...
by millerh
Thu May 02, 2013 5:37 am
Forum: Canada / United States Tax & Accounting
Topic: Advice on OVDI position or QD
Replies: 4
Views: 5562

Advice on OVDI position or QD

I hope someone can offer us some common sense in all of this because we're lost and in much despair at this point in life. Last fall, we received notices from our brokerage in Canada that held our RRSPs that we would be charged a yearly fee since we didn't meet the minimums, so we began to look for ...