Search found 2 matches

by zippy
Sun May 25, 2014 2:47 pm
Forum: Canada / United States Tax & Accounting
Topic: Filed taxes wrong...many years ago
Replies: 1
Views: 1515

Filed taxes wrong...many years ago

Canadian citizen in the US on J-1 visa in past, filed US and CAN tax returns separately for three years but did not know I had to put US income in CAN return and do a foreign tax credit (if that is the correct procedure?). The returns were filed over five years ago...should I be worried? Thanks for ...
by zippy
Sun May 25, 2014 2:30 pm
Forum: Canada / United States Tax & Accounting
Topic: Undeclared Interest Income
Replies: 1
Views: 1489

Undeclared Interest Income

Canadian resident with a US savings account.
Ignorantly have not declared interest income from account for ten years...have 1099-Int forms for last five (lost the others).
How far back to adjust returns? What are consequences? Declaring would not change tax owed in most years.