Serbinski Accounting Firms

It's a yes.

I want to see if I can avoid this form. I have RRSP accounts that are under the threshold requirement to report 8938. Also I'm a beneficiary to a RDSP (not owner which I have been reporting on form 3520). For the 8938 is it the aggregate amount including the RDSP?

On 2016 I worked in canada for 2 months and the rest in USA as a PR (as I just immigrated to USA). So on my 2016 taxes I was unaware that I had to do the waiver and the canadian company was told from the cra that they had to withhold 15% tax for the 2 months. Anyway they paid the cra and also deduct...

LBB thanks for the reply! I've been following this helpful thread on filing 3520/3520-A https://forums.serbinski.com/viewtopic.php?t=4187&postdays=0&postorder=asc&highlight=tfsa&start=0&sid=72f861f851813d3e1acd22b3d2520ed2 On the 3520 form (part II - 22) "if the foreign trus...

My mom opened a RDSP for me years ago. I'm aware I would need to file a 3520. Upon filling form it ask if I have a beneficiary statement from 3520-A. To my understanding only US residents owners of the trust fill the 3520-A form, so my mom (canadian res) would not do this. Do I fill out the 3520-A? ...

thanks nelsona!

Do I need to file 8891 for my RRSP accounts? I'm thinking no because of "IRS Simplifies Procedures for Favorable Tax Treatment on Canadian Retirement Plans and Annual Reporting Requirements" https://www.irs.gov/uac/newsroom/irs-simplifies-procedures-for-favorable-tax-treatment-on-canadian-...

Thanks for the reply nelsona It's nice to know I can get some back.. So you mean that I will get back from the American tax? I might be filing 1116 since it's a rental in Canada. I was in Canada self employed. My Canadian employer issued a T4a. but now since we discovered the waiver center wants to ...

Does paying withholding to the Cra mean I won't see this money again? Is there a way I can get it back? I have a rental income - paying the part 13 tax. Also had to do an international waiver for work in Canada. I discovered late that I had to do these. The amounts I need to pay back is really depre...

I have a sort of similar situation but I arrived the USA earlier so I end up needing to do both Canada and us tax. Question 5 I think you mean form T1244 defer deem disposition of property? I haven't filled this form so I have no idea sorry. But take a look at T1161 if you need to fill, there's a he...

Is the little over 10k cdn dollars? If you're still under 10k usd you should be ok.
Check the year end exchange rate.. if you had to do the fear I think there would be a late penalty :(

https://www.fincen.gov

YouTube has some videos on how to fill the form.

Good luck

Perm resident and have a SSN (I'm married to a us citizen we did the cr1 immigration)

I'm a USA resident moved here 10months ago. I worked as a consultant for a Canadian company and continued working for the same company in my us home. I'm extremely dumb for not researching sooner and am doing this last min. I have not done quarterly taxes or register as a sole proprietor. Questions ...