Search found 5 matches

by RiverRock
Sat Sep 16, 2017 7:09 am
Forum: Canada / United States Tax & Accounting
Topic: Changes coming to RRSP reporting
Replies: 25
Views: 32616

and... if one waited for 2 years to file in order to become eligible for Streamined... would they still be considered 'non-willful'?
by RiverRock
Sat Sep 16, 2017 6:56 am
Forum: Canada / United States Tax & Accounting
Topic: Changes coming to RRSP reporting
Replies: 25
Views: 32616

Unless I am misinterpreting this, I think it might 'solve' the RRSP issue (but at a pretty high price) OVDP 2014 FAQ 54.3: [i]If you submit tax returns through the OVDP and resolve your OVDP case with a closing agreement, you will be afforded relief consistent with Rev. Proc. 2014-55. Further, your ...
by RiverRock
Fri Sep 15, 2017 5:14 pm
Forum: Canada / United States Tax & Accounting
Topic: Changes coming to RRSP reporting
Replies: 25
Views: 32616

I am a 'delinquent, non-filer'. USC, Canadian permanent resident for many years. I have not filed US returns since I left the US (and had US income) 20+ years ago; no FBARs back then. Due to the frequency of visits to the US, I am not eligible for Streamlined. I'm trying to find a reasonable way to ...
by RiverRock
Fri Sep 15, 2017 9:47 am
Forum: Canada / United States Tax & Accounting
Topic: Changes coming to RRSP reporting
Replies: 25
Views: 32616

[quote='victoriaguy']Until now the procedures were designed to allow late elections to defer taxation on undistributed income in RRSP's. Without those procedures, late electors are left with an anything but certain application process for late deferral that currently costs US$6900 (last year it cost...
by RiverRock
Mon Sep 11, 2017 4:45 pm
Forum: Canada / United States Tax & Accounting
Topic: Options for Filing Delinquent Returns
Replies: 0
Views: 4508

Options for Filing Delinquent Returns

I am USC, Canadian permanent resident for more than 20 years. I have several years of unfiled returns and would like to become compliant. Since I travel to the US more than 35 days per year, I am not eligible for the Streamlined Procedure. Aside from OVDP, what are my options for filing? Can anyone ...