Serbinski Accounting Firms

I receive a relocation summary saying I receive gross up tax assistance paid directly to authorities on my behalf. Yet, the amount $x is given to the vendor NOT to me. However, the amount is added to my salary into Box 1 of my W2. 1. Does this amount mean anything to me? (Assuming, I dont spend a si...

1. if an account is not closed but left with $0, does it required tax reporting? 2. if it is closed in mid - year, does it still need to be reporting during that particular taxation year? 3. Now, regarding TFSA. Unfortunately it is closed in Feb. And, in Jan 31, it results with ONLY 1 cent interest....

Thanks.
What about green card? Can't I cancel it?
Also, I still have to pay tax to US no matter where I live afterwards for 10 years period. Is that correct?

Nelson,
Does close TFSA = withdraw all money and left $0?

My whole family are living in US. But, we still have canadian accounts.
If i transfer money more than 20k CAD from my bank account to my wife's account. Is it taxable in US?

I corrected my tax last year and added T1135. But, because it was late after I made a correction, I got a penalty of $2500. Any ideas how to submit a letter for a relief?
My parent transfered the money to my account without my knowledge (due to deterioting illness).


thanks

1. what are advantages of converting to H1B visa? To my understanding, if without a job living in US, I'd rather to go back to Canada to live with better advantages as a citizen. Furthermore, getting a green card, I'd get taxed even though I don't live in the US. 2. how to calculate pros and cons? t...

1. Besides FBAR reporting, do I need to submit W-9 for each account I have overseas (outside USA)?
2. Do I need to change the address to a local US address? Or, I can keep it to use Canadian address?

what about a slightly different situation? I came to US in Nov 2016. But, there is $30 in TFSA in 2017 Jan (due to interest paid on 31 Dec 2016). So, I withdraw to completely $0 in Jan 2017. 1. Can I file tax as dual status in 2017? (When I fully satisfy SBT 180 days in April 2017) in order to avoid...

I moved to california last Nov 2016. I just received a report on tax assistance benefit of $x. I don't have anything to claim on relocation expenses as they're all paid by the company. 1. where to put $x of tax assistance benefit of relocation on 1040NR? 2. On my W2 box 12c, I have $y with code P. (...

I am working in USA already. But, one account in canada (President choice) does not take foreign address and will close it if I do. I am reluctant to do so as it will also close my credit card that causes me to loose credit score. Is there any penalty for not changing my address? I will pay tax no m...

thanks, understood now

thanks , understood.
1040NR as I live since nov 2016.

I did ammended but it was late. I will argue that I want to get relief from the penalty of 2500. But, still confused how to argue that based on the case of: http://decision.tcc-cci.gc.ca/tcc-cci/decisions/en/item/30735/index.do If anyone knows, please let me know, I know some of them win the argumen...

1. Does US have a free sotware to download like the one in Canada CRA website? 2. My wife and my son don't qualify to apply for SSN as they're under me TN VISA. So, they have to apply for ITIN (first time). Do we have to fill up 1040NR form first and submit at the same time at the office? When we ap...