Search found 73 matches

by adeboloj
Sat Feb 23, 2019 2:19 am
Forum: Canada / United States Tax & Accounting
Topic: Article XXV for Canadian Residents
Replies: 53
Views: 22965

Re: Article XXV for Canadian Residents

is this accurate for year 2018?

1040NR[LINE 42] = 1040NR[LINE 41] * 1040[LINE 11] / 1040[LINE 10]

Complete 1040NR up till line 41, then complete 1040 up till line 11.
And this will be my xxv (2) 1040NR.

Thank you
by adeboloj
Fri Feb 22, 2019 3:43 pm
Forum: Canada / United States Tax & Accounting
Topic: Article XXV for Canadian Residents
Replies: 53
Views: 22965

Re: Article XXV for Canadian Residents

@Nelsona, No one is attempting to trick tax authorities, question was simply how is the T4 information along with all other documents verified to complete the fake 1040 known as the Proforma.
@Fan8899, thanks for your response.
by adeboloj
Thu Feb 21, 2019 1:28 am
Forum: Canada / United States Tax & Accounting
Topic: Article XXV for Canadian Residents
Replies: 53
Views: 22965

Re: Article XXV for Canadian Residents

Sorry I am replying to this old post as I am doing some research for my 2018 tax filing: 1) Can we say there is no way to verify the joint income on pro forma 1040? since this is a fake form to determine the tax rate and more so you are not submitting spouse's T4 to IRS? I am only wondering how the ...
by adeboloj
Sun Feb 10, 2019 12:26 am
Forum: Canada / United States Tax & Accounting
Topic: HOW TO FILE US TAX
Replies: 7
Views: 3385

Re: HOW TO FILE US TAX

Thanks to your response, I am aware of the GC rules if not staying in the U.S, reason i mentioned i dont plan to stay longer than this summer once i get it, I will need few months to map my plans and move at that time- within 6 months time frame. As per FATCA, PFIC, I am new to these but will do mor...
by adeboloj
Sat Feb 09, 2019 5:37 pm
Forum: Canada / United States Tax & Accounting
Topic: HOW TO FILE US TAX
Replies: 7
Views: 3385

Re: HOW TO FILE US TAX

Hi Nelsona, Sorry about the CAPITAL LETTERS and thank you for your quick response! I asked the question because things are happening around the this year tax period, my first year in the U.S I filled 1040NR-EZ, second year 1040NR using the Article on residence and thats fine. But I am likely going t...
by adeboloj
Sat Feb 09, 2019 7:42 am
Forum: Canada / United States Tax & Accounting
Topic: HOW TO FILE US TAX
Replies: 7
Views: 3385

HOW TO FILE US TAX

I WORK IN THE US AND MY FAMILY STILL IN CANADA, I AM A CANADIAN CITIZEN WHO HAS FILED FOR PR AKA GREEN CARD: HERE IS MY QUESTION: I WAS PLANNING TO FILE AS A U.S NON RESIDENT FOR TAX PURPOSE (THOUGH I MET THE RESIDENCE TEST) USING THE ARTICLE ON TREATY AND FILE AS CANADA RESIDENT TAX PAYER AS I STIL...
by adeboloj
Sun May 06, 2018 10:37 am
Forum: Canada / United States Tax & Accounting
Topic: W-7 ITIN for Spouse (Reason)
Replies: 9
Views: 6234

All, Just thought that I share my experience here so its beneficial to others: Option (g) is wrong and you will most likely have refusal on the ITIN application because Canadians dont hold U.S visa especially when you are on TN status. Option (e) is the best and I just got all my dependents/spouse I...
by adeboloj
Mon Mar 19, 2018 8:01 pm
Forum: Canada / United States Tax & Accounting
Topic: W-7 ITIN for Spouse (Reason)
Replies: 9
Views: 6234

Hello Donaldduke, Please did you get ITINs for your family and what reason did you chose. W7 application seems to be a real confusion, I finally booked appointment at a local IRS office to apply for ITINs in about 2 weeks time. But I don't want my application to be refused for no- reason. Nelsona on...
by adeboloj
Sat Nov 04, 2017 1:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Lowering U.S taxrate below your Cdn rate
Replies: 1
Views: 1641

Lowering U.S taxrate below your Cdn rate

Hello Nelsona, Please could you explain what this statement really means? I have learnt alot from this forum on cross border tax as most accountants dont know this and few I met only want to handle one side only and asking that you go find another accountant on the other side. When i re-evaluated my...
by adeboloj
Mon Oct 23, 2017 7:14 pm
Forum: Canada / United States Tax & Accounting
Topic: Sequencing question: W7, 1040X w/2014-1040NR, 2015-1040NR
Replies: 5
Views: 3450

Hello Nelsona and Nirvana, I have been reading a lot on this forum and it helps than posting new question, am sure Nelsona doesn't like this, however I stumbled across this and think I should ask my question, still reading forum if I would come across something similar. Last year-2016, I filed a 104...
by adeboloj
Sun Oct 22, 2017 3:17 pm
Forum: Canada / United States Tax & Accounting
Topic: XXC version of 1040NR
Replies: 9
Views: 4018

Thank you, I appreciate your response!
by adeboloj
Sat Oct 21, 2017 7:15 pm
Forum: Canada / United States Tax & Accounting
Topic: XXC version of 1040NR
Replies: 9
Views: 4018

Thank you for your quick response, maybe I use the wrong words, what I meant by going to IRS is that, is it logical to back and re-calculate my 2016 tax return starting with IRS using form 1040NR with XXV Article as this wasnt taken into consideration when I filed my U.S taxes? I only used 1040NR-EZ...
by adeboloj
Sat Oct 21, 2017 2:40 pm
Forum: Canada / United States Tax & Accounting
Topic: XXC version of 1040NR
Replies: 9
Views: 4018

Hello Nelsona, I read in one of your previous tread which stated "Unlike US, Canada does not allow carry forward of unused non-business foreign tax credits" Does this means I can carry forward my unused non-business foreign tax credits with IRS or this will simply be a tax amendment. Here ...
by adeboloj
Sat Oct 21, 2017 12:44 am
Forum: Canada / United States Tax & Accounting
Topic: XXC version of 1040NR
Replies: 9
Views: 4018

I have searched AND HAVENT seen anything but will keep trying...am trying to understand why CRA did not allow all my foreign tax paid to U.S government (just worked 7 months in the U.S in 2016), I am afraid of same thing happening to the foreign tax credit for 2017 since i pretty much worked the who...
by adeboloj
Fri Oct 20, 2017 1:29 am
Forum: Canada / United States Tax & Accounting
Topic: XXC version of 1040NR
Replies: 9
Views: 4018

XXC version of 1040NR

Also, if you are a Cdn resident, and you do think you need to reduce your US tax, you should be looking at filing a XXV version of 1040NR, which you can read about in other posts. Nelsona, above is one of your comments, please could you refer me to earlier posts on this topic? I am a Cdn resident an...