Serbinski Accounting Firms

HR lady is not making sense. We are in a pandemic. People who can work remotely are urged to do so. If your husband is required to be on site for work reason then it makes sense. From immigration perspective it doesn't make any sense IMO. There are lot of immigration lawyers that do free initial ...

I am in a similar situation. There is no issue working remotely as long as you are doing the work and getting paid for it. If you're "on bench" and not getting the salary mentioned in the employment letter then you may get into trouble when crossing the border.

Who is "they" in "Now they are ...

I have been filing 1040NR so far. For 2020 I fall (around 15 days) below 183 days on SPT. However, I decided to file 1040 MFJ with 8833 XXV(1) (one for me and one for my wife). I have couple of "questions”... Thanks!

Question 1: Form 8833 details (feedback please):

1.Enter the specific treaty ...

Thanks a lot NelsonA for your amazing contribution the forums!!!

@lipeter1:

Line 207 should only include your contribution to 401K and not the total which includes employer contribution. The tax software is doing what the CRA agent has said in this regard (i.e., this amount is used in the deduction but doesn't reduce the contribution room). My guess is this ...

Thanks Nelson!

Hello,

Searched the net and didn't find any answer.

Background

Married Canadian citizen working in USA under TN Status
Family living in Canada
I visit Canada (family) about a week in a month

Question

Can I file 1040 MFS with my worldwide income and use 1040 MFJ Pro Forma rate ?

Thanks!

Here is a response from Allan Madan (CPA, CA):

"Since there are still assets remaining in Class 50, the Class cannot be closed and a terminal loss cannot be claimed. Continue to claim CCA as normal on Class 50 assets, even though you got rid of one computer for $0 proceeds.

For accounting purposes ...

Oh you mean that way. Yeah you're right. My bad :-(.

Hi Nelson. Thought you were taking a break from this forum. Good to hear from you.

Only this forum ( Canada / United States Tax & Accounting ) comes close to dealing with Canadian tax. So did a "Hail Mary".

My question is basically this. If one of the items in a class is damaged and junked what do I do. Claim the loss somewhere (if so how) or pretend that thing is still in operation and do the usual depreciation (this is what I gathered from googling. Only when no items are left in a class you can ...

I have 2 computers in class 50 per below:

Computer-1: UCC at start of year = $800
Computer-2: UCC at start of year = $200

Computer-2 is damaged and I have junked it. No compensation was received for it (i.e., no insurance claim etc.).

How do I fill T2 Schedule-8 ?

What are the accounting entries ...

Enjoy your break...

Thanks Nelson. May be they will compensate 1040NR by giving additional itemised deductions or some standard deduction (for taking out the exemptions). Keeping my fingers crossed.

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