Search found 12 matches

by YankCanuck
Sun May 31, 2015 8:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Filing a US return for first time
Replies: 3
Views: 1121

Thank you!!
by YankCanuck
Mon May 25, 2015 3:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Filing a US return for first time
Replies: 3
Views: 1121

Filing a US return for first time

My two sons (both in university in Canada) have dual citizenship although neither has even lived or worked in the US. I realize they are required to file a US tax return. As they have very little income due to their student status, can you recommend a low cost or free software for a non-resident of ...
by YankCanuck
Thu Apr 16, 2015 4:27 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP withdrawals from US
Replies: 3
Views: 1174

Age 50
by YankCanuck
Fri Apr 10, 2015 4:02 pm
Forum: Business & Personal Immigration to the United States
Topic: Importing car to US
Replies: 1
Views: 3265

Importing car to US

I am planning to move to the US later this year. Can you advise as to how to import a vehicle from Canada into the US? I drive a 9 year old Acura.
by YankCanuck
Mon Apr 06, 2015 3:15 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP withdrawals from US
Replies: 3
Views: 1174

RRSP withdrawals from US

After moving to the US from Canada, would you advise collapsing a sizeable RRSP by periodic or lump sum withdrawals? Would this depend on the age of the RRSP holder? I have recently heard a suggestion that taking a series of lump sum withdrawals rather than one big withdrawal as there is a better po...
by YankCanuck
Mon Feb 23, 2015 2:59 pm
Forum: Canada / United States Tax & Accounting
Topic: Intent to return
Replies: 2
Views: 814

Intent to return

If a dual citizen who is currently a Canadian resident (and owns a home in Canada) becomes a resident in the US for 2 years with the intention to return to Canada, is it necessary to file a departure return with the CRA?
by YankCanuck
Wed Feb 18, 2015 2:51 pm
Forum: Canada / United States Tax & Accounting
Topic: Spousal Support
Replies: 9
Views: 1746

Would it be necessary to file a Canadian tax return if I were a US resident when receiving support in Cdn funds?
by YankCanuck
Sun Feb 15, 2015 8:24 pm
Forum: Canada / United States Tax & Accounting
Topic: Spousal Support
Replies: 9
Views: 1746

Thank you for confirming. My agreement quotes the US IRS Code, Seection 71 (1)(B) stating that the payments are not includable in gross income and not allowable as a deduction under Section 215.
by YankCanuck
Sat Feb 14, 2015 2:13 pm
Forum: Canada / United States Tax & Accounting
Topic: Spousal Support
Replies: 9
Views: 1746

Spousal Support

If I live in the US but collect spousal support from a Canadian resident, is this income reported in Canada?
by YankCanuck
Sat Feb 14, 2015 1:04 am
Forum: Canada / United States Tax & Accounting
Topic: CDN moving to US summary
Replies: 8
Views: 3040

I am interested in your response #2. How does the IRS deem a disposition on US citizens returning to the US?
by YankCanuck
Sat Feb 07, 2015 10:53 pm
Forum: Canada / United States Tax & Accounting
Topic: Departure Tax
Replies: 1
Views: 859

Departure Tax

Can someone explain how one is taxed when one moves to the US from Canada (ie. the departure tax)? I am a dual citizen who was born and raised in the US, moved to and has lived in Canada for 26 years, has two grown dual citizen children, and is no longer married. I am considering relocating to a war...
by YankCanuck
Sat Feb 07, 2015 7:47 pm
Forum: Business & Personal Immigration to the United States
Topic: Dual Citizen returning to US
Replies: 2
Views: 4265

Dual Citizen returning to US

I was born in the US and moved to Canada upon my marriage to a Canadian. I have since become a Canadian citizen, and my children (now grown) have dual citizenship, although have lived their entire lives in Canada. I would like to return to the US after 26 years in Canada. I am no longer married. I w...