Search found 8 matches

by ewax
Mon Oct 07, 2024 12:08 pm
Forum: Canada / United States Tax & Accounting
Topic: "Paid" v.s. "Accrual" for Foreign Tax Credit form
Replies: 1
Views: 1796

"Paid" v.s. "Accrual" for Foreign Tax Credit form

I'm self-employed for many years and pay the majority of my tax at this point in quarterly installment payments to Canada and Quebec. But I always owe some extra money at tax time the following year. So I have tax I've paid within the tax year and then also tax payments I've made in the following ye...
by ewax
Tue Sep 15, 2020 1:43 pm
Forum: Canada / United States Tax & Accounting
Topic: Advance payments of premium tax credit letter
Replies: 0
Views: 13417

Advance payments of premium tax credit letter

Hello, I received a letter from the IRS informing me that "according to their records" I had received advance payments of the premium tax credit but had failed to file form 8962 on my 2019 return for reconciling these payments. It also indicates I should have received form 1095-A from my h...
by ewax
Thu Apr 12, 2018 3:52 pm
Forum: Canada / United States Tax & Accounting
Topic: FBAR for securities accounts
Replies: 2
Views: 2505

Thanks!
by ewax
Thu Apr 12, 2018 1:53 pm
Forum: Canada / United States Tax & Accounting
Topic: FBAR for securities accounts
Replies: 2
Views: 2505

FBAR for securities accounts

I'm a US citizen living in Canada with a couple Canadian domiciled investment accounts, one is an RRSP and the other is a regular non-registered account. In both of them, I have investments purely in stocks. Two things I have questions about: 1. I thought originally that I only had to include bank a...
by ewax
Fri Dec 01, 2017 5:30 pm
Forum: Canada / United States Tax & Accounting
Topic: US-based mutual fund taxes
Replies: 2
Views: 3759

US-based mutual fund taxes

I've owned shares in a mutual fund in the U.S. for about 20 years. A few years ago, I moved to Canada (I'm a dual citizen) and have doing my US and Canadian tax returns. I've decided I want to sell this mutual fund but want to go about it in the right way. Recently, I called up the company running t...
by ewax
Wed Mar 16, 2016 4:13 pm
Forum: Canada / United States Tax & Accounting
Topic: Service Contract with American Company as an LLC
Replies: 7
Views: 4355

[quote="nelsona"]You can if you wish, but why not a Cdn one, since you live there.[/quote]

What extra complications are there for the New York company having a service contract with a Canadian company?
by ewax
Wed Mar 16, 2016 3:44 pm
Forum: Canada / United States Tax & Accounting
Topic: Service Contract with American Company as an LLC
Replies: 7
Views: 4355

Thanks for the information. Are you saying that it does not make sense for me to form a business in the U.S. that can be paid for the service contract?
by ewax
Wed Mar 16, 2016 2:21 pm
Forum: Canada / United States Tax & Accounting
Topic: Service Contract with American Company as an LLC
Replies: 7
Views: 4355

Service Contract with American Company as an LLC

I am a dual citizen of the U.S. and Canada. I moved to Montreal a year ago and am fully a resident of Canada now. Starting this year, since living in Canada, I have gotten two website development gigs through a company based in New York. Based on advice from a New York tax attorney without too much ...