Serbinski Accounting Firms

If you export it as cash or monetary instrument while traveling or by sending it through the mail, the Canadian CBSA has a similar rule to the US CBP (over 10k must be reported [url]http://www.cbsa-asfc.gc.ca/publications/forms-formulaires/e677-eng.html[/url]). My understanding is that it is not ...

On the USA side, Form 3520 to report foreign gifts over 100k received from a nonresident individual. If you bring it over the border on your person (not wire transfer) and it is over 10k then you need Fincen 105 for the CBP. I think thats it.

Side note about the 14k. This is the basic annual ...

Thank you for the detailed response. Yes, interest income reporting and FBAR/8938 have been done. Keeping the transactions small seems like the way to go to avoid Forex gain/loss work.

If you would indulge for general theoretical understanding, lets say for argument that we do a single large ...

Canadian citizen that became a tax resident of the USA in 2013 while I was a student and eventually decided to stay. Had left a bank account in Canada with a non-negligible content thinking I might return and also since I make frequent trips to visit the parents. Got worried that maybe I should have ...