Search found 20 matches
- Thu Jul 13, 2017 9:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: After 2 year TN, about to return to Canada
- Replies: 18
- Views: 25366
So, here's what happened in the end: I mailed in my ECI return in mid-April and the IRS refunded me this week, but rejected my spousal exemption because she doesn't have an SSN/ITIN. (Pub 519, page 27 clearly says she needs an ITIN and I missed that). So I paid graduated tax of $1318 plus the 10% ea...
- Mon Jul 03, 2017 10:20 pm
- Forum: Canada / United States Tax & Accounting
- Topic: After 2 year TN, about to return to Canada
- Replies: 18
- Views: 25366
- Fri Jun 30, 2017 5:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: After 2 year TN, about to return to Canada
- Replies: 18
- Views: 25366
On the issue of HSAs,why would one not be able to use it in Canada to reimburse oneself for allowed medical expenses such as prescriptions, etc, in a tax-free manner? I didn't come across anything suggesting the IRS would only allow HSA withdrawals for medical expenses incurred in the USA, and nothi...
- Sun Apr 09, 2017 1:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Becoming non-resident and closing TFSA
- Replies: 11
- Views: 7448
- Sat Apr 01, 2017 2:50 pm
- Forum: Canada / United States Tax & Accounting
- Topic: After 2 year TN, about to return to Canada
- Replies: 18
- Views: 25366
- Sat Apr 01, 2017 2:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: After 2 year TN, about to return to Canada
- Replies: 18
- Views: 25366
I'd put this off for a number of months - just prepping my returns. First problem was the my 1042-S stated income code 14 (Real Property Income) instead of 15 (Pensions, annuities...). Took three weeks to get that fixed :evil: On the 1040NR, ECI will have the lowest tax burden. The pension was $1590...
- Mon Jul 18, 2016 5:47 pm
- Forum: Canada / United States Tax & Accounting
- Topic: After 2 year TN, about to return to Canada
- Replies: 18
- Views: 25366
I received a letter from the fund today with an explanation of their reasoning. The fund is relying on IRS Info Ltr 2004-0221(https://www.irs.gov/pub/irs-wd/04-0221.pdf), which says lump-sum payments are not covered by the treaty and therefore taxed at 30%. I'll see what the IRS says in 2017, and if...
- Mon May 09, 2016 1:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: After 2 year TN, about to return to Canada
- Replies: 18
- Views: 25366
Hi Nelsona, Thanks for the details and the pointer to Pub 901. There is indeed too much ambiguity here from the IRS! I'm befuddled whether this would be considered ECI. The money in the fund came from a mix of my wages (in lieu of social security, because I was a state employee) and employer contrib...
- Mon May 09, 2016 8:34 am
- Forum: Canada / United States Tax & Accounting
- Topic: After 2 year TN, about to return to Canada
- Replies: 18
- Views: 25366
Nelsona - a much belated 'thank you' for the advice. I found the relevant rules saying I CANNOT claim moving expenses - thank you for saving me a headache! I kept the HSA intact for the time being. The current problem is that my retirement plan withheld the full 30% when I requested a payout of my a...
- Fri Nov 20, 2015 11:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: After 2 year TN, about to return to Canada
- Replies: 18
- Views: 25366
After 2 year TN, about to return to Canada
After two years as a TN in the US, I'm about to return to Canada. I'd like to ask for any advice on my plan below: hopefully it works and will be useful to anyone in a similar situation! My goal is to minimize the amount of paperwork come tax time! Â Situation: Departing mid-Dec for Canada. Last da...
- Tue Apr 14, 2015 9:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How I did my 1040 (1st year TN in USA), and an 8833 question
- Replies: 17
- Views: 9959
- Tue Apr 14, 2015 9:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How I did my 1040 (1st year TN in USA), and an 8833 question
- Replies: 17
- Views: 9959
Did you see the 2555 instructions for 13a? If you submitted a statement of nonresidence to the authorities of a foreign country in which you earned income and the authorities hold that you are not subject to their income tax laws by reason of nonresidency in the foreign country, you are not consider...
- Tue Apr 14, 2015 9:35 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How I did my 1040 (1st year TN in USA), and an 8833 question
- Replies: 17
- Views: 9959
- Tue Apr 14, 2015 7:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Attach f8938 to your state tax return?
- Replies: 1
- Views: 1662
- Tue Apr 14, 2015 9:14 am
- Forum: Canada / United States Tax & Accounting
- Topic: How I did my 1040 (1st year TN in USA), and an 8833 question
- Replies: 17
- Views: 9959