Serbinski Accounting Firms

Thank you Nelsona.

I am a Canadian citizen on a TN visa working in the US for years now, have 3 rental properties in Canada, have a personal bank account in Canada only for these properties, and have a property manager who has a trust account.

I have always understood the following:

1. I don't need to file IRS form ...

I've looked at the CRA forms site as well as searching online and there seems to be lots of information about Canadians being able to file form 8840 for Canadians overstaying their time in the US but showing a closer connection to Canada. However I can't find a US equivalent where a US person ...

Thank you Nelson.

I'm about to file my 2016 taxes and looking back over the last few years of submissions, I see that I did not fill in Schedule B, Part III - Foreign Accounts and Trust.

I've read about the penalties with FBAR and not disclosing, but in my case I put nothing in Box 7a or 7b but for Box 8 I put in ...