Serbinski Accounting Firms

Also realizing I never really stated anywhere how much I had across the accounts (only $25.5K), sorry about that!

[quote="Princess Claire"][quote="ethomps"]Am I understanding the purpose of each form correctly? Spent a good 10+ hours reading other threads, as well as information all over the web. This tax stuff doesn't come naturally to me haha.

1 - 1040 Schedule B (Reporting the $300 in interest from TFSA)

2 ...

Thanks JGCA

I called a cross-border specialist after I quickly realized how unqualified I am to fill out some of these forms. We had a good 30 minute consultation, and I felt very comfortable that she knows her stuff.

I was having trouble trying to find out if my TFSA was structured as a deposit ...

Am I understanding the purpose of each form correctly? Spent a good 10+ hours reading other threads, as well as information all over the web. This tax stuff doesn't come naturally to me haha.

1 - 1040 Schedule B (Reporting the $300 in interest from TFSA)

2 - Form 3520 & Form 3520A (If my TFSA is ...

[quote="JGCA"]TFSA are not tax free in the US any income they generate will be subject to US tax unlike the tax shield they enjoy in Canada, FBAR form are not for paying tax they simply record tha fact that you have foreign accounts of which tfsa MAY BE ONE OF THEM YOU STILL HAVE TO FILE AND PAY TAX ...

[quote="nelsona"]She is right on 1 count. NR73 should not be sent until/unless CRA requests it.

She is wrong about TFSA, and all other matters, as usual from HRBLockheads.[/quote]

HRBlockheads haha, I like that one!

May I ask which forms I need to fill out for my TSFA? And if any of these were ...

Hello again,

On Thursday, my wife and I took a trip to one of the H&R Block Premium locations here in South Carolina to speak with one of their Canadian tax specialists. She was in fact Canadian herself, so I had hope that she knew what she was doing when she left Canada.

When I met with her to ...

Hey Nelsona,

Would you mind telling me the name of the special TFSA form that I need to file with my US taxes?

Also, since I didn't have any Canadian income for 2014, do you think my Canadian Exit Return could be easily handled by someone like H&R Block? I've used them for the past 7 years back ...

[quote="nelsona"]Yes, TFSA is not subject to ANY Cdn tax, let alone deemed disposition. But it is subject to US tax and special reporting, so you should collapdse immediately. You now have specia lforms to fill for 20014 and now 2015, so get this closed before end of 2015.

Cash os never subject to ...

[quote="nelsona"]You left canad in feb 2014, so you MUST file a a departure return. For US you should file joint full year 1040 reporting all income.

Its not a question of your green card its a question of living in US and not Canada. GC doesn't really matter.
[/quote]

Thank you for taking the ...

Hi there,

I was referred here from the VisaJourney forums-- looking forward to being a part of your community!

Here's my situation:

Arrived to the US from Canada in February 2014 on a K1 Visa, got married and filed for Permanent Residency which is still pending. I had no Canadian income for the ...