Search found 18291 matches

by nelsona
Sun Feb 11, 2007 12:00 pm
Forum: Canada / United States Tax & Accounting
Topic: US Citizen, filing as "deemed resident"
Replies: 24
Views: 12139

I'm certainly NOT OK with your DR claim. Since you are a US citizen living in canada, you MUST adghere to the treaty, and that means that by definition, you live in one country or the other. Look over the Treaty definition of residence. It doesn't allow for 'neithr', so you are either Cdn resident, ...
by nelsona
Sun Feb 11, 2007 11:48 am
Forum: Canada / United States Tax & Accounting
Topic: US Citizen, filing as "deemed resident"
Replies: 24
Views: 12139

Are you paying Ontario tax on your wages?
by nelsona
Sun Feb 11, 2007 11:33 am
Forum: Canada / United States Tax & Accounting
Topic: resident vs non resident ?
Replies: 11
Views: 6213

As a Cdn, you are allowed toi file as a US resident without ever setting foot in US, soi I don't understand your questiuon.

If you have US income, file either asa non-resident, or asa resident (1040 with all income worldwide reported) and pick the lowest one.
by nelsona
Sun Feb 11, 2007 10:27 am
Forum: Canada / United States Tax & Accounting
Topic: resident vs non resident ?
Replies: 11
Views: 6213

How you file for 2006 will depend on (a) how you filed in 2005, (b) when you became a Cdn resident again, and (c) whether ofr not it is better (ie. less US tax) if you file full-year 1040 for 2006, or dual-status for 2006.
by nelsona
Sun Feb 11, 2007 10:09 am
Forum: Canada / United States Tax & Accounting
Topic: PR holder residing in Canada wants to work for a US Company
Replies: 8
Views: 4877

You should want to get paid the most ammount of MONEY, never mind Cdn $ or US$, I'm sure you are able to make a conversion in your head: $1US = $1.17Cdn. So a person offering you $100 Cdn is offering you 15% less than the one offering $1000 US. If you work as a Cdn employee, you get benefits, and th...
by nelsona
Sun Feb 11, 2007 10:04 am
Forum: Canada / United States Tax & Accounting
Topic: U.S. Pension Distrubution Received in Canada
Replies: 1
Views: 1967

In US, you should report the entire pension withdrawal as income. You may or may not get some of the 20% back. 10% is considered a penalty which you won't get back. If you are a non-resident and the tax would end-up being more, you can simply leave as-is and accept the 30% tax as final. You need to ...
by nelsona
Sun Feb 11, 2007 10:00 am
Forum: Canada / United States Tax & Accounting
Topic: resident vs non resident ?
Replies: 11
Views: 6213

If you filed as a resident in 2006, then you will have to file as a resident until either dec 31 2007, or until the date you made yourself resident in canada.

You will most likely file a "dual-status" return (1040 and 1040NR).
by nelsona
Sun Feb 11, 2007 9:58 am
Forum: Canada / United States Tax & Accounting
Topic: canadian propery as a gift to parents - are there taxes?
Replies: 1
Views: 1564

Because you live in US 9and are thus a US resident for tax purposes) and gift you make to anyone is subject to GIFT TAX in the US. Also, giving away Cdn property will trigger a disposition in Canada, based on the fair market value on the day you give. You might get some exemption based on how much t...
by nelsona
Sun Feb 11, 2007 9:54 am
Forum: Canada / United States Tax & Accounting
Topic: US Citizen, filing as "deemed resident"
Replies: 24
Views: 12139

By the way, for get the "quotes" they don't work, your just compounding posts. A deemed resident files just like a CDn resident, reporting all world income don't they? The only difference is that (on everything other than wages) you pay a fed surtax, which I always thought was higher than ...
by nelsona
Sat Feb 10, 2007 7:15 pm
Forum: Canada / United States Tax & Accounting
Topic: US Citizen, filing as "deemed resident"
Replies: 24
Views: 12139

Sounds like you hve a perfect case for XXV.3: 3. In determining the taxable income of an individual who is a resident of a Contracting State there shall be allowed as a deduction in respect of any other person who is a resident of the other Contracting State and who is dependent on the individual fo...
by nelsona
Fri Feb 09, 2007 10:54 pm
Forum: Canada / United States Tax & Accounting
Topic: PR holder residing in Canada wants to work for a US Company
Replies: 8
Views: 4877

You should be paid as a contractor. I wouldn't get ung up about being paid in US or Cdn dollars, as Cdn$ is better these days anyways, and you will be spending it in Canada.
by nelsona
Fri Feb 09, 2007 5:07 pm
Forum: Business & Personal Immigration to the United States
Topic: What are they smoking at the Vermont Processing Center?
Replies: 7
Views: 7599

... by the way, while we're all exorcised at USCIS, did your lawyers once work for them, too.

They misfiled your I-129, and can't figure out how to send an AOS, and convinced your boss to premium process something that didn't need it.
by nelsona
Fri Feb 09, 2007 5:04 pm
Forum: Business & Personal Immigration to the United States
Topic: What are they smoking at the Vermont Processing Center?
Replies: 7
Views: 7599

as it stands, you have until the end of February to file I-485. We should know in the next 5 days whether you will still be able to file in March or not.

You are really on the edge, I hope they have EVERYTHING else for I-485 done right now.
by nelsona
Fri Feb 09, 2007 11:55 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian permanent resident commuter to US
Replies: 9
Views: 5453

1) Yes. The fact that you and she are residents of canada is sufficient. 2) You would need to look at teh child care expense rules. I seem to recall the need to provicde an SSN for the payee, which could be a problem. I believe others in your situation are claiming however with no problem. 3). Only ...
by nelsona
Fri Feb 09, 2007 11:49 am
Forum: Canada / United States Tax & Accounting
Topic: tn visa any tax in cnd?
Replies: 1
Views: 2171

Yes, for 3 reasons. 1) Since you left so early in 2006, you don't get a full $8500 exemption, you'll get maybe $1000, so you need to actaully determine if you have any tax to pay. 2) When you leave, you need to pay departure tax on any investments you owned on the day you left. You need to report ev...