Search found 18283 matches

by nelsona
Thu Feb 08, 2007 5:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Deduction of attorney fees
Replies: 4
Views: 3080

Yes. Miscellaneous employment related expense.

Won't give you much of course, since it is subject to 25% minimum.

Try to pay everyting combined one year.

This would cover all fees related to your process (photos, filing fees, etc).
by nelsona
Thu Feb 08, 2007 5:26 pm
Forum: Canada / United States Tax & Accounting
Topic: US visitor
Replies: 6
Views: 3520

... and don't forget that they are not entitled to 'snowbird' coverage like from Cdn blue cross. All those plans assume that you are maintaining Cdn residence, and only pay after the province has paid.
by nelsona
Thu Feb 08, 2007 5:24 pm
Forum: Canada / United States Tax & Accounting
Topic: US visitor
Replies: 6
Views: 3520

In the US, there are very few health insurance plans that cover 100% of expenses. They typically have a deductible, then you pay a percent of expenses, with a ceiling). And probably doesn't cover Rx. Any coverage better than this is going to cost you more than $1000/mo.
by nelsona
Thu Feb 08, 2007 5:20 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian spouse 401K beneficiary
Replies: 4
Views: 4259

I would question the 1.5 million for non-USC. It might be though. While your 401(K) might be your only US-based asset, your estate would include EVERYTHING, including your Cdn pensions, insurance, assets, house, etc. So, your estate could EASILY be more than 1.5 million (I would think it already is)...
by nelsona
Thu Feb 08, 2007 2:48 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian spouse 401K beneficiary
Replies: 4
Views: 4259

Anything pension that you transfer to your spouse at death will not be subject to US or Cdn INCOME tax. However, If (when) you die, your 401(K) is part of your estate, so lets deal with that first. Whatever you bequeth to your wife (except for a few $K -- drastically less than the millions if she we...
by nelsona
Thu Feb 08, 2007 2:32 pm
Forum: Canada / United States Tax & Accounting
Topic: Foreign Earned Income Exclusion & Roth IRA
Replies: 6
Views: 3842

I have never heard the argument thata a US citizen living in canada should not contribute to a Roth -- IF he can. A cdn living temporarily in US is ill-advised to contribute, but not the other way round. The reason being that there a re other tax-advantaged vehicles that should be explored FIRST. A ...
by nelsona
Thu Feb 08, 2007 9:52 am
Forum: Canada / United States Tax & Accounting
Topic: Rental Property Depreciation
Replies: 16
Views: 10787

So, I would correct the past returns.
by nelsona
Thu Feb 08, 2007 9:40 am
Forum: Canada / United States Tax & Accounting
Topic: Rental Property Depreciation
Replies: 16
Views: 10787

You mentionned something about having 'lived' in US. Have you left? If so, I would not worry. If however, you are still a US resident, or are otherwise still filing a US return, then I would correct it. This would be especially true if you sold the property while still filing a 1040, as recapture of...
by nelsona
Thu Feb 08, 2007 8:25 am
Forum: Canada / United States Tax & Accounting
Topic: Rental Property Depreciation
Replies: 16
Views: 10787

Uf course you had to report it. You have to report all INCOME, which would be the rent.
The fact that you had enough ex[enses to bring it to zero has to be proven on your tax return.

Besides, depreciation is accounted for differently in US.
by nelsona
Wed Feb 07, 2007 3:35 pm
Forum: Business & Personal Immigration to the United States
Topic: TN H1B E1 TreatyTrader
Replies: 3
Views: 4921

I'm sure the host of this board could easily expalin that, while there are risks to remaining on TN, these can easily be overcome. H1's are hard to come by these days, so waiting months to begin a GC process is not really wise. Once you do file for GC, at the I-485 statge, which could be a soon as 3...
by nelsona
Tue Feb 06, 2007 10:49 pm
Forum: Business & Personal Immigration to the United States
Topic: TN H1B E1 TreatyTrader
Replies: 3
Views: 4921

You can apply for these, but can only hold one at a time.

There is no need to wait for H1 to begin the GC process.
by nelsona
Tue Feb 06, 2007 10:33 pm
Forum: Business & Personal Immigration to the United States
Topic: TN ---> GC
Replies: 14
Views: 13090

Since PERM is forcfuture job, they need assurance from sponsor that they will pay the candidate that ammount. USCIS needs nothing from you except proof of quals.
by nelsona
Tue Feb 06, 2007 4:26 pm
Forum: Canada / United States Tax & Accounting
Topic: 8891 Never Filed
Replies: 32
Views: 23786

... and I do fing that there has been a lot of post 'hi-jacking' in the past week.

If some asks a question, either answer it, ask for specifics, or leave it alone.

If you have your own question, ask it in your own post.
by nelsona
Tue Feb 06, 2007 4:25 pm
Forum: Canada / United States Tax & Accounting
Topic: 8891 Never Filed
Replies: 32
Views: 23786

You need to submit 1040-X for every year that you are going to amend your return. To these you will attach whatever statement or form you are sending. You are ammending your returns to add the statement or form 8891. You need to send a TD form for 2006 by the end of June. Forget about the previous y...
by nelsona
Tue Feb 06, 2007 3:04 pm
Forum: Business & Personal Immigration to the United States
Topic: H-1B: Switching Employers
Replies: 38
Views: 35972

The lost Luke has returned!!!

Good to hear from you.