Search found 106 matches
- Thu Feb 12, 2015 12:26 am
- Forum: Canada / United States Tax & Accounting
- Topic: Does Treasury Department Confirm Receipt of FBARs?
- Replies: 14
- Views: 8733
I did the same thing several years ago. Sent in 7 years back tax returns and 7 years FBARs to become compliant. I sent both packages by registered mail, so I would get a singed and dated receipt as proof that they received them. I once tried the 1-800 phone number to request an FBAR receipt, but of ...
- Sun Feb 08, 2015 4:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Just found out - am I bankrupt now?
- Replies: 53
- Views: 30656
If you can prove that you relinquished your US citizenship sometime in the past, you may escape the clutches of the IRS without becoming compliant, but be aware that renouncing only rids you of your US citizenship for immigration purposes, not for taxation. If you file 3 years of back taxes and form...
- Sun Feb 08, 2015 1:53 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Just found out - am I bankrupt now?
- Replies: 53
- Views: 30656
- Fri Feb 06, 2015 8:57 am
- Forum: Canada / United States Tax & Accounting
- Topic: Just found out - am I bankrupt now?
- Replies: 53
- Views: 30656
- Wed Feb 04, 2015 1:57 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Just found out - am I bankrupt now?
- Replies: 53
- Views: 30656
- Tue Dec 23, 2014 9:16 am
- Forum: Canada / United States Tax & Accounting
- Topic: Goodbye to IRS
- Replies: 36
- Views: 21843
She applied to the local US consulate (Toronto) for an appointment to renounce in Aug. 2013, and got an appointment in Sept. 2013. I have heard reports that it can now take up to a year just to get an appointment. She filled out all her paperwork and paid her $450 fee (now $2,350) in one visit to th...
- Tue Dec 16, 2014 5:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Dual citizenship
- Replies: 8
- Views: 4431
- Mon Dec 15, 2014 9:02 am
- Forum: Canada / United States Tax & Accounting
- Topic: US Dividends - Never filed a W8-BEN
- Replies: 6
- Views: 3297
- Sun Dec 14, 2014 4:00 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US Dividends - Never filed a W8-BEN
- Replies: 6
- Views: 3297
Many Canadian Banks do not issue tax receipts for interest payments less than $50.00. CRA states that you are still responsible for reporting it. How many people with small savings accounts go back through their previous year's monthly statements, adding up every $2 or $3 interest payment just do th...
- Sat Dec 13, 2014 12:34 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US Dividends - Never filed a W8-BEN
- Replies: 6
- Views: 3297
US Dividends - Never filed a W8-BEN
I am a Canadian citizen and resident, non-USC. Back in 2008 I received some stock shares as part of my compensation from the Canadian company I worked for at the time. The shares were for the US parent company, listed on the NYSE, denominated in US$, and held by Smith Barney (now Morgan Stanley) bro...
- Sat Nov 01, 2014 6:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Income Splitting in Canada
- Replies: 5
- Views: 4835
- Sat Nov 01, 2014 8:16 am
- Forum: Canada / United States Tax & Accounting
- Topic: Income Splitting in Canada
- Replies: 5
- Views: 4835
I will let more knowledgeable people give you the definitive answer, but I have been splitting my pension income with my wife (a former USC) on our Canadian taxes for the last 8 years, and she was never required to report it on her US taxes. The IRS requires you to report YOUR world wide income. I d...
- Tue Oct 28, 2014 3:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Goodbye to IRS
- Replies: 36
- Views: 21843
- Tue Oct 28, 2014 12:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Goodbye to IRS
- Replies: 36
- Views: 21843
- Mon Oct 27, 2014 7:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Goodbye to IRS
- Replies: 36
- Views: 21843
OK. I ran the SS WEP calculator using my wife's earnings history and her birthdate (she is currently 61) with a foreign pension of $100/month. Here are the results: If she starts taking SS at 66, the calculated WEP in 2014$ is $50, i.e. 1/2 the $100 CPP. However, in future $ (age 66, 2019$), the WEP...