Search found 13 matches

by dbaezner
Mon Sep 21, 2020 8:07 am
Forum: Canada / United States Tax & Accounting
Topic: Cross border portfolio manager?
Replies: 2
Views: 1138

Re: Cross border portfolio manager?

That's funny. They're the ones I worried would kick us out of the new combined firm.

Thank you for the tip.
Dirk
by dbaezner
Fri Sep 18, 2020 4:43 pm
Forum: Canada / United States Tax & Accounting
Topic: Cross border portfolio manager?
Replies: 2
Views: 1138

Cross border portfolio manager?

Hi. I'm looking for a portfolio manager for cross-border investing and am wondering if your firm can recommend someone with whom your clients work? I now live permanently back in Canada and manage a self-directed IRA through TD Ameritrade, but since they've been bought by Charles Schwab, I'm concern...
by dbaezner
Wed Jul 11, 2018 9:24 pm
Forum: Canada / United States Tax & Accounting
Topic: Estate and Inheritance Taxes on a Canadian's US IRA
Replies: 6
Views: 3020

Re: Estate and Inheritance Taxes on a Canadian's US IRA

Thanks for responding. The last two sentences seem to be contradictory. If there is no inheritance tax, then why would the IRA beneficiaries be taxed, whether over 5 or 30 years.

Thanks
Dirk
by dbaezner
Wed Jul 11, 2018 4:40 pm
Forum: Canada / United States Tax & Accounting
Topic: Estate and Inheritance Taxes on a Canadian's US IRA
Replies: 6
Views: 3020

Estate and Inheritance Taxes on a Canadian's US IRA

Hi. I'm a former US person (turned in my green card) who has a traditional IRA (about $200K) left in the US that I would like to leave to US friends when I die. As far as I know, the IRA amount must be reported on my final Canadian return when I die and will be taxed. Will the IRS also tax these sam...
by dbaezner
Mon May 22, 2017 11:06 pm
Forum: Canada / United States Tax & Accounting
Topic: Do I need to file 3520A
Replies: 1
Views: 1507

Do I need to file 3520A

Hi. I purchased investments in Canada, where I live, in 2016 but have only learned that I'm still a US person. Do I need to file 3520A for my investments (3 mutual funds, one of which is under a TFSA)? My investment manager (Scotiabank) says they don't file 3520A.

Thanks
by dbaezner
Sat Apr 22, 2017 10:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Impact of fom I-407 on Social Security benefits?
Replies: 2
Views: 1634

Impact of fom I-407 on Social Security benefits?

Hi. I'm a former long-term resident of the US and returned to Canada in 2016. I'm hoping to file immigration form I-407 to simplify my taxes and investments. Can anyone tell me if filing I-407 will cause me to lose my ongoing Social Security disability pension? It's 80% of my income, so I need to be...
by dbaezner
Thu Feb 16, 2017 9:26 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax reporting requirements for long-term green card holder
Replies: 1
Views: 1289

Tax reporting requirements for long-term green card holder

Hi. I'm a Canadian citizen who lived in the U.S. for 20 years, most of it on a green card, and moved back to Canada in late January, 2016 when my green card expired. For health reasons, I have no plans to go back, not even for visits. Can I file as a non-resident alien with the IRS for February, 201...
by dbaezner
Sun Jun 21, 2015 4:04 pm
Forum: Canada / United States Tax & Accounting
Topic: How to fill in form 8938, part VI, items 8a, b, and c?
Replies: 2
Views: 2190

Fantastic. Thank you very much.
by dbaezner
Sun Jun 21, 2015 2:13 am
Forum: Canada / United States Tax & Accounting
Topic: How to fill in form 8938, part VI, items 8a, b, and c?
Replies: 2
Views: 2190

How to fill in form 8938, part VI, items 8a, b, and c?

I'm trying to fill in part VI of form 8938 for my RRSPs and have been scouring the web for simple answers to items 8a, b, and c in part VI. The IRS guides have been no help. 8a. Name of issuer or counterparty: Scotiabank (easy enough) Then it asks me to check if the information is for an issuer or a...
by dbaezner
Tue Mar 17, 2015 8:57 am
Forum: Canada / United States Tax & Accounting
Topic: Money in Canada: what to do?
Replies: 17
Views: 8344

driver's license for TN visa holder

I moved to the U.S. on a TN visa 20 years ago and was able to get a NY driver's license. I subsequently moved to NJ two years later and had to take a written test for the NJ license, but had no other issues at the time. The rules have changed since, partly because of 9/11. I just renewed my license,...
by dbaezner
Mon Mar 16, 2015 6:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Rule changes for forms 8891, 8938, and 8833?
Replies: 1
Views: 2277

Rule changes for forms 8891, 8938, and 8833?

I've read that form 8891 is no longer required. For TY 2014, do I now need to report the RRSP amounts on 8938 instead? Also, do I still need to take a treaty position to defer taxation on my RRSPs on form 8833?

I am, of course, reporting the accounts on FBAR as well.

Thank you.
Dirk
by dbaezner
Sat Oct 25, 2014 6:44 pm
Forum: Canada / United States Tax & Accounting
Topic: taxation of CPP benefits for a U.S. resident
Replies: 2
Views: 2057

Thank you.
by dbaezner
Sat Oct 25, 2014 4:24 pm
Forum: Canada / United States Tax & Accounting
Topic: taxation of CPP benefits for a U.S. resident
Replies: 2
Views: 2057

taxation of CPP benefits for a U.S. resident

Hi. I'm currently receiving disability benefits from both Canada and the U.S. I'm a Canadian citizen and a U.S. permanent resident, living in the U.S. I've read repeatedly that my Canadian CPP benefits should be entered on lines 20a/b on form 1040, but my accountant claims it should be reported as o...