Serbinski Accounting Firms

It is about the same reason I thought, so maybe not correct anyway.

Nelson, what is your reason then? Are you refering this? Foreign Tax Credit - Choosing To Take Credit or Deduction http://www.irs.gov/Individuals/International-Taxpayers/Foreign-Tax-Credit---Choosing-To-Take-Credit-or-Deduction But it says also; "The foreign tax credit is intended to relieve yo...

Yesterday I heard from a TurboTax (Intuit) Tax Advisor that it may not be right to use deduction in Schedule A (instead of foreign tax credit, F1116) for the $5k withholding tax I paid to Canada. IRS says we can choose either income deduction or foreign tax credit but I don't think this applies to m...

Two more questions: A) Do I need to check Yes in Line 8 of Schedule B Part III (Foreign Accounts and Trusts)? The question is "During 2014, did you receive a distribution from, or were you the grantor of, or transferor to, a foreign trust? If "Yes," you may have to file Form 3520. I t...

We filed 1040 as full-year US residents.

Thanks Nelson. Now it's pretty clear to me.

But I just happened to know that we made contribution about $15k in Dec. 2009 after moving to US in Aug. 2009. It was a payment back to bank for what we withdrew from the RRSP account in early 2009. Is anything different in this case?

Thank you very much Nelson. Your postings have been very helpful for me. If I use Schedule A for deduction it would be Line 8 (Other taxes. List type and amount) I guess. How should I write the tax type? I would not have any major foreign income in this general income category, so I would try this w...

Hello, We moved to US in 2009 and have kept filing 8891 since. We cancelled our RRSP account in 2014. The final balance was about $20k and $700 was increased from 2009. The 25% non-resident withholding tax of $5k was taken and an NR4 was received recently. Please help me understand how to report it ...