Serbinski Accounting Firms

Thanks Nelson. Yes, all my investment accounts are declared as non-resident accounts, and the broker has made them sell-only to comply with SEC regulations. In the US, I properly declare my foreign assets (FBAR, 8891, etc.) every year. Will any red flags be raised if--because I'm transferring money ...

I am a US permanent resident and Canadian citizen, residing in the US (and have been for the past 15 years). I am a non-resident of Canada for tax purposes, and I have cash and investment accounts in Canada (all declared as non-resident accounts). Is there any issue if I want to transfer funds from ...

Thanks, nelson, CdnAm. My parents wired the funds to me twice within the same year. Together, the amount exceeded the $100k reporting threshold. At first, I thought I didn't have to worry about it since it was so long ago, but then I read that because I didn't file the form, the statute of limitatio...

Oh and I'm sorry but I realized I wasn't very clear.

My parents are Canadian. I am a Canadian citizen, but now also a permanent resident in the US.

My parents didn't charge me interest (which the IRS specifies) because interest rates are basically zero and we never thought about it that way.

Hi all, 5 years ago, my parents loaned me some money as a down payment to buy a house. At the time (and until recently), I did not know about the need to file a 3520 if I receive a gift from a foreign person (if the gift exceeds reporting thresholds). That was 2008, when real estate prices were in f...