Search found 16446 matches

by nelsona
Thu Sep 10, 2020 10:13 pm
Forum: Canada / United States Tax & Accounting
Topic: What are tax obligations in this situation?
Replies: 6
Views: 124

Re: What are tax obligations in this situation?

On filing separately: You may be saving a little in repayment, but you are probably BOTH paying much more in tax that any overall savings. So, right now, you aren't really working "remotely". You are working in US for a "US company" (i trust this was the basis of your L work visa). Your scheme to "p...
by nelsona
Thu Sep 10, 2020 7:59 pm
Forum: Canada / United States Tax & Accounting
Topic: What are tax obligations in this situation?
Replies: 6
Views: 124

Re: What are tax obligations in this situation?

Since you are married to a US cirizen, you will likley wisjh to continue filing jointly in US, with or without GC (if you get GC, you will HAVE to file in US, jointly). For your work in Canada, you will pay taxes in Canada and province, and US will credit you on your US joint return. an I ask how yo...
by nelsona
Thu Sep 10, 2020 7:48 pm
Forum: Canada / United States Tax & Accounting
Topic: Income source for remote work
Replies: 10
Views: 243

Re: Income source for remote work

Your foreign portion, for IRS and CRA purposes, is days working outside country vs days working inside country, over entire wages/bonus/etc. You exclude sick days weekends, vacation and holidays.
by nelsona
Wed Sep 09, 2020 3:39 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian citizen selling land in florida
Replies: 7
Views: 122

Re: Canadian citizen selling land in florida

Sorry, Indeed the sales contract must be submitted with the request, which makes it usually impractical to submit.
by nelsona
Wed Sep 09, 2020 10:38 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian citizen selling land in florida
Replies: 7
Views: 122

Re: Canadian citizen selling land in florida

You will only file for ITIN when you submit 1040NR. The 8288B can be filed ahead of time.
by nelsona
Mon Sep 07, 2020 7:33 pm
Forum: Canada / United States Tax & Accounting
Topic: Implications of Canadian Contribution in Roth 401k
Replies: 11
Views: 158

Re: Implications of Canadian Contribution in Roth 401k

You are in transition.
A person leaving canada in, say, August, files as departing in August from canada, but still files a 1040NR for the same year, since he has not met SPT. He *can* file 1040 if it is beneficial, but, technically for the period Aug-Dec, he files as non-resident of both countries.
by nelsona
Mon Sep 07, 2020 6:42 pm
Forum: Canada / United States Tax & Accounting
Topic: Implications of Canadian Contribution in Roth 401k
Replies: 11
Views: 158

Re: Implications of Canadian Contribution in Roth 401k

See
https://www.canada.ca/en/revenue-agency ... anada.html
which certainly allows for Cdn students abroad to become non-resident. Do not file NR73 unless asked by CRA.
by nelsona
Mon Sep 07, 2020 6:35 pm
Forum: Canada / United States Tax & Accounting
Topic: Income source for remote work
Replies: 10
Views: 243

Re: Income source for remote work

I don't look at state taxes, especially Cali, which seems to tax anyone for everything, if they spent time in that state, so you are on your own there. Another reason why those living and working in canada as employees, should be paid by CDn payroll. And just because Cali tax has been withheld from ...
by nelsona
Mon Sep 07, 2020 6:31 pm
Forum: Canada / United States Tax & Accounting
Topic: Implications of Canadian Contribution in Roth 401k
Replies: 11
Views: 158

Re: Implications of Canadian Contribution in Roth 401k

Again, if you do not have Cdn residential ties, you can declare yourself non-resident of canada. Period. It has nothing to do with US tax status, particularly since you are now working, not a student. Your F1 (OPT) status prevents you from counting days, yes. Good! it means you can file 1040NR for o...
by nelsona
Sat Sep 05, 2020 9:54 pm
Forum: Canada / United States Tax & Accounting
Topic: 3520/3520a
Replies: 10
Views: 896

Re: 3520/3520a

You seem to have read online otherwise, so just reread these with the notion of the differnce between a GC holder an an accidental resident.
by nelsona
Sat Sep 05, 2020 9:50 pm
Forum: Canada / United States Tax & Accounting
Topic: Implications of Canadian Contribution in Roth 401k
Replies: 11
Views: 158

Re: Implications of Canadian Contribution in Roth 401k

What's the point of keeping Cdn residsncy just to use tuition tax credits, when you can avoid tax altogether by being non-resident.
by nelsona
Sat Sep 05, 2020 9:49 pm
Forum: Canada / United States Tax & Accounting
Topic: Implications of Canadian Contribution in Roth 401k
Replies: 11
Views: 158

Re: Implications of Canadian Contribution in Roth 401k

As i said, becoming Cdn non-ressisnt would not immediately impact your US immigration status, so that is not a worry. Besides, you would get back more SS when you retire, so beginning to contribute in 2020 is beneficial to you. But, again, making your residncy end date in canda has no impact on US s...
by nelsona
Sat Sep 05, 2020 2:26 pm
Forum: Canada / United States Tax & Accounting
Topic: 3520/3520a
Replies: 10
Views: 896

Re: 3520/3520a

I believe there is a difference if you are a Green card holder now claiming to be non-resident and electing to file as a 1040NR vs. a person who has never been US resident, such as yourself.
by nelsona
Sat Sep 05, 2020 1:29 pm
Forum: Canada / United States Tax & Accounting
Topic: 3520/3520a
Replies: 10
Views: 896

Re: 3520/3520a

You do not need FBAR either.
by nelsona
Sat Sep 05, 2020 12:35 pm
Forum: Canada / United States Tax & Accounting
Topic: 3520/3520a
Replies: 10
Views: 896

Re: 3520/3520a

No, you are neither required to file 3250's nor 5471, if you are not a US resident. If you exceeded the 183 days but are still considered by treaty to be Cdn resident, you are correct to file 1040NR. You may not need to file 8833 however, since the 1040NR has sufficient spaces to indicate whey you a...