Search found 7 matches

by coolie1
Sun Jun 08, 2014 4:25 pm
Forum: Canada / United States Tax & Accounting
Topic: ovdp or QD
Replies: 12
Views: 9256

Link please?
by coolie1
Fri May 23, 2014 2:01 pm
Forum: Canada / United States Tax & Accounting
Topic: ovdp or QD
Replies: 12
Views: 9256

Sorry the 20% would be taxes owed plus the 27.5 or 12.5%
i don't think its 10k per year for 3520 per year plus the 27.5%
by coolie1
Fri May 23, 2014 1:59 pm
Forum: Canada / United States Tax & Accounting
Topic: ovdp or QD
Replies: 12
Views: 9256

Maybe i am missing something but once in ovdp you do not have to pay 10k penalty the 27.55 or 12.5% should cover and you use a reasonable cause.

Am i missing anything here?
by coolie1
Fri May 09, 2014 1:30 pm
Forum: Canada / United States Tax & Accounting
Topic: OVDP
Replies: 1
Views: 1848

OVDP

i have a question and wondering if someone can help.
just filed pre clearance for the ovdi process and wondering if it might have any effect on my 485 and 140 application?
Thanks
by coolie1
Mon Apr 28, 2014 2:59 pm
Forum: Canada / United States Tax & Accounting
Topic: ovdp or QD
Replies: 12
Views: 9256

I am not sure i have a RSP and i am also planning to Join the ovdp i might be wrong but once in ovdp you pay 12.5 or 27.5% and thats about it. I don't think their are any other 10k penalties
Someone here might be able to help us
Thanks
by coolie1
Sun Apr 27, 2014 8:12 pm
Forum: Canada / United States Tax & Accounting
Topic: ovdp or QD
Replies: 12
Views: 9256

I don't think you have an issue you can join the streamline process since you are living in Canada.
I on the other hand cannot use streamline process

By the way this is just my guess i am not sure wait for someone to respond to you
Thanks
by coolie1
Sun Apr 27, 2014 2:18 pm
Forum: Canada / United States Tax & Accounting
Topic: ovdp or QD
Replies: 12
Views: 9256

ovdp or QD

Sorry i know this has been asked multiple time but i am one of those unfortunate people who just found out about the FBAR requirement a few days back. I have been in the US for 6 years and have a 3k in interest from Canadian bank that i never showed on my tax return here. I know in the past QD(amend...