Serbinski Accounting Firms

Can anyone confirm that a CDN person working as an employee (not independent contractor) for a US resident firm (most work done in Canada, US and abroad), earning $50,000 US + and not spending more than 183 days in the US will continue to be subject to US source taxes and be able to claim a foreign ...

I invested monies in a Canadian Limited Partnership that owned US rental property through a US LLC. The US LLC sold the property and allocated the income, capital gains and taxes paid on the rental property. (wound down). I paid closed to $29,000 in US taxes, but I'm cappted on how much FTC I can ge...

I have a client who owners a small %'age of a Canadian LP that recently sold a US property. They received a T5013 with capital gains of $80,000, a negative rental loss of $6,500 and US taxes paid of $27,000. I assume by the amounts that the Canadian LP didn't file for relief of withholding taxes pai...

No, you are correct, he's a Canadian Citizen.

Thanks again. They have no other income as they are a shareholder in their husband's company for which dividends were declared. Based on all of the research I've done in this case, these dividends appear to be classified as Qualified Dividends based on the company being a qualified foreign corp. and...

Thanks, however, they paid no taxes in Canada as the amount was low enough not to attract any personal taxes after personal exemptions and deductions.

Ken

Wouldn't they be characterized as Qualified Dividends as they meet the test of: Qualified Dividends Qualified dividends are the ordinary dividends subject to the same 0%, 15%, or 20% maximum tax rate that applies to net capital gain. They should be shown in box 1b of the Form 1099-DIV you receive. T...

Can someone tell me whether CCPC dividends received by a US Citizen living in Canada are taxable in the US? I believe they would be considered Ordinary Dividends not subject to the Foreign Earner Income Exemption, however, I'm not sure whether the Treaty exempts them from taxation. Any assistance wo...