Search found 12 matches
- Tue Aug 02, 2005 10:54 am
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8891 questions here please!!!!
- Replies: 174
- Views: 131803
I read in this site some thing about section 72(w). When did it come to be effective? my RPP was rolled over to RRSP in January 2004 and I withdrew that RRSP in February 2004. But I became a US resident in 2002. I don't know how much RPP gain since 2002 to 2004 for me to eatablish cost basis on the ...
- Mon Jul 25, 2005 3:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8891 questions here please!!!!
- Replies: 174
- Views: 131803
I withdrew RRSP of US $1500 in 2004. Out of that US $550 came from RPP from a company in Canada I rolled over to RRSP in 2003. I read that October 2004 the rules changed regarding reporting RPP. But I withdrew my RRSP in Feb 2004. How do I treat this for reporting in 8891 and 1040. How to find out c...
- Fri Jul 15, 2005 9:57 am
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on form 1116 Please!
- Replies: 15
- Views: 12193
Yes Sir, Thank you for your patience with me [:D] I spoke to 2 different people in IRS Philadelphia foreign tax branch they told me even after checking with their superiors that I cannot take the full deduction of the foreign taxes paid for the excluded income regardless of type of exclusion. It is ...
- Thu Jul 14, 2005 6:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on form 1116 Please!
- Replies: 15
- Views: 12193
- Thu Jul 14, 2005 2:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on form 1116 Please!
- Replies: 15
- Views: 12193
Thank you so much Nelsona. I am so glad that I found this forum. I was clueless. Yes I will buy the tax software. Can I bother you one more time? Please don't get mad with me for asking too many questions! Do you know where IRS got that date; July 27, 2004 and do I qualify to omit charitable donatio...
- Thu Jul 14, 2005 8:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on form 1116 Please!
- Replies: 15
- Views: 12193
- Wed Jul 13, 2005 10:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on form 1116 Please!
- Replies: 15
- Views: 12193
- Wed Jul 13, 2005 5:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on form 1116 Please!
- Replies: 15
- Views: 12193
Thank you so much Nelsona![:)] I am almost done. But confused about few places I read the instructions for form 1116. It says on page 14 for line 3 deductions, the gifts to charity made after July 27, 2004 should be considered. Why July 27, 2004? Then it says for the tax year ending after July 27, 2...
- Tue Jul 12, 2005 5:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on form 1116 Please!
- Replies: 15
- Views: 12193
- Mon Jul 11, 2005 3:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on form 1116 Please!
- Replies: 15
- Views: 12193
Questions on form 1116 Please!
From RRSP withdrawal my pensions income on line 16a is US$13,938 and US taxable income is US$2651 (gain after becoming a US resident) on line 16b. I have paid Canadian taxes of US$3415. So I pro-rated the taxes paid to Canada according to the taxable pension income for US (in other words the Canadia...
- Wed Jun 22, 2005 6:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8891 questions here please!!!!
- Replies: 174
- Views: 131803
- Thu Jun 09, 2005 4:54 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form 8891 questions here please!!!!
- Replies: 174
- Views: 131803
I have read this forum and the Grasmick web site. I have a unique situation that I could not find any answer in both web sites. I told my former company to transfer RPP into a RRSP in 2003. They said they mailed the check on December 12th 2003. So I sent the statement to defer tax on RRSP income wit...