Serbinski Accounting Firms

Has anyone used the Time Value software program called Tax Interest (available on-line, about $150) to calculate interest owed to the IRS? In particular, I am wondering if it would assist me calculating amount owed on a 1291 distribution, going back 10 years (so I need to calculate interest owed ...

I hope the Canadian mutual fund industry will lobby the US government on our behalf. Any US citizen living in Canada who becomes aware of these filling requirements will not invest in these funds, that's for sure!

Thanks for your comment. I will be talking to a professional as these things are so ...

THanks for your reply MGeorge. I follow what you are saying and I like it because the repercussions of not making the election are so awful. However, I have unfortunately already filed my 2013 return.

I am considering filing an amended 1040x however so that I can file the 8621, make the election ...

I am just becoming aware of the requirements for filing form 8621 for US citizens that own Canadian mutual funds. I have not been filing this form for a mutual fund I have owned for the past decade. I would like the forum's opinion on how to proceed. Can I start with backfiling this form with an ...