Serbinski Accounting Firms

*** Posting again since my last post had spam/junk replies *** Anyone here familiar or used the Streamlined Domestic Offshore Procedures with the IRS? We have Retirement Accounts (More than $150,000 USD) in Canada that we did not know we had to report on Form 8938 and FBAR. We are about 10 years fro...

Anyone here familiar or used the Streamlined Domestic Offshore Procedures with the IRS? We have Retirement Accounts (More than $150,000 USD) in Canada that we did not know we had to report on Form 8938 and FBAR. We are about 10 years from retirement. Also we are not getting ANY distributions and not...

After carefully looking at the "gift" situation, it turns out that it is not a gift. We have someone in our immediate family in Canada that has a company. That person own 100% of that company. That company wants to lend us a 100K$ loan at 1.5% interest per year paid once a year. Also, that...

Correct, i have been a member of 8 years but I am not logging in every week on this site obviously. FBAR: We got our Green Cards in 2009. So, I would need to Back fill FBAR for 2009, 2010, 2011 and 2012 correct? I also read that it has to be mail to a different address than the 1040. I took a look a...

First of all, I would like to thank all of you who did reply to this topic. We will do a wire transfer. This should be trivial. As far as the 100K$, we need to fill out the 3520 if it exceed 100K$. Is this per year or life time? What about if we do 50K$ in 2013 and 50K$ in 2014? Now, as far as the 1...

This is great information. So now, i think it would be better for me to avoid having to deposit this amount in a CND bank and then transfer to my US Bank. This could avoid me any issues with IRS because they want to know any bank account outside the US with more than 10K$ Correct? I would like to ha...

Hi, My wife and I are permanent resident of the US with Green Cards. We have immediate family (living in Canada) that wants to give us 100K$ to help us pay our mortgage faster and cheaper. If the we get a deposit of 100K$ in our Canadian RBC Bank account and then transfer this amount into our US acc...

Nelsona, The 1099b was issued from CIBC Wood Gundy firm in Canada. It was not a "formal" slip but more a report of the transaction on 2 pages. However, the "Form 1099b" was written on it. Why was a 1099b issued? I have no clue at this point. I am in contact with CIBC about this a...

Hi, I read many threads about RRSP but i did not find anyone with my current situation. I got a letter from the IRS stating that i owe them about 4,500$ for the year 2010 because i forgot to report a 1099b form. This is true. Either i got the 1099b form after i filed or i overlooked it. Anyway, the ...

Hi, I did some research on this forum and i mostly found what i was looking for but i need to make sure that i have a clear picture. All of 2006, i had only a US income. I was resident of Quebec until March 1st 2006. I know that i will have to calculate only 2/12 of the standard deduction on the CDN...

Nelsona,

Well, after some easy math, it turns out that i do not satisfy the mileage test.

Thanks for your prompt reply.

Hi, We have move from Quebec/Canada to Florida in the first week of March 2006. On my W-2, i have the cell 12P with an amount of 3,000$. Basically, everything was paid by my employer. On the Moving Expenses Form (3903), There are some question about entering the number of miles from old home to you ...

nelsona,

I am curious to know why you wrote "Anyways, not to worry". Is it because the CRA will not pressure on us because of that?

We have been in the process of moving from October 05 and it is the first time that someone indicate me that form???

Thanks.

nelsona,

Are you referring to the form NR 73 of the Canadian Revenue Agency?

The name of the form is

DETERMINATION OF RESIDENCY STATUS (LEAVING CANADA)

If not, could you be more precise?

Thanks.

Hi, Our family moved to Florida in the first week of March 2006. I worked for a US company the entire 2006 years. 2 months in Quebec and the remaining 10 months in Florida. My wife left her job end of Feburary 2006 and she is not working here because she simply can't (TD visa). How we should proceed...