Search found 18296 matches
- Tue Apr 17, 2007 4:37 am
- Forum: Canada / United States Tax & Accounting
- Topic: Quebec/US/Canada tax
- Replies: 9
- Views: 5924
- Tue Apr 17, 2007 4:32 am
- Forum: Canada / United States Tax & Accounting
- Topic: Nonresident alien - reporting cap gains dist/dividends
- Replies: 13
- Views: 8333
You should have an exemption for yourself, no? You report your dividends on line 10. The 15% is the upper limit of the US tax you could pay. You still calculate the tax normally by including it on your return. Only if the calculated tax was greater than 15% would you invoke the 15% limit. Your tax i...
- Mon Apr 16, 2007 4:28 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax Question about my RRSP
- Replies: 0
- Views: 4691
Please read threads on Form 8891. You must report the EXISTENCE of your RRSP, not the income. Your RRSP is tax-defferred in canada, not tax-free. You may choose the same treatment in US. You cannot transfer RRSP to anything without paying 25% Cdn tax. There is no mechanism for taking money from RRSP...
- Mon Apr 16, 2007 4:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Nonresident alien - reporting cap gains dist/dividends
- Replies: 13
- Views: 8333
- Mon Apr 16, 2007 3:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian permanent resident commuter to US
- Replies: 9
- Views: 5463
- Mon Apr 16, 2007 12:59 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Nonresident alien - reporting cap gains dist/dividends
- Replies: 13
- Views: 8333
The treaty does indeed class these workers as Cdn residents. (Art.IV(5)) However, the non-discrimination clause (especially para. 2 which deals with 3rd country nationals) would apply here, if she wanted. In any event, if the poster does not wish to avail herself of that provision, she would report ...
- Mon Apr 16, 2007 12:28 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Nonresident alien - reporting cap gains dist/dividends
- Replies: 13
- Views: 8333
I explained how you report your income: on a 1040, just like everyone else who lives in US!! 1040NR is not for you. As you ahve seen it is disadvantageous, thus you are allowed to file 1040. If you need instructions on how to fill out 1040, then use software. Just remember to report all your income ...
- Mon Apr 16, 2007 10:56 am
- Forum: Canada / United States Tax & Accounting
- Topic: AMT QUESTION
- Replies: 1
- Views: 2170
- Mon Apr 16, 2007 5:20 am
- Forum: Business & Personal Immigration to the United States
- Topic: Volunteering
- Replies: 3
- Views: 4876
You can volunteer for an organization which normally uses volunterrs, in a position that is typically unpaiud. For example, you could volunteer for Red Cross, but not in a job that they normally pay for. You couldn't volunteer for your local city hall for example, to do web services, since this is s...
- Mon Apr 16, 2007 5:00 am
- Forum: Canada / United States Tax & Accounting
- Topic: Can interest from Canada be excluded using 2555?
- Replies: 7
- Views: 4734
allen, did you complete your Cdn taxreturn? On it you will find all sorts of income,wages, cap gains, dividends, UI, rental and interst. ALL these incomes are reportable in US/ All of these were taxable in canada too. You DID pay Cdn tax on your interest: it's part of the total tax you paid on your ...
- Mon Apr 16, 2007 4:42 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Resident: US capital gains, 1040NR and Canadian Tax
- Replies: 37
- Views: 28079
I misspoke above. So long as you are not a GC holder or US citizen, you can exclude the gain on 1040 (in the year you move). If you wre GC or USC, you do not get any tax benefit, becuase: What tax would you have paid in canada? the cap gains in Canada is based on the value the day you moved back, no...
- Sun Apr 15, 2007 10:16 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Resident: US capital gains, 1040NR and Canadian Tax
- Replies: 37
- Views: 28079
- Sun Apr 15, 2007 10:14 am
- Forum: Canada / United States Tax & Accounting
- Topic: Nonresident alien - reporting cap gains dist/dividends
- Replies: 13
- Views: 8333
First off, the good news is that you are NOT a US non-resident, since you live in US. I say that this is good news, because this allows you to file a regular 1040 AND allows you to NOT report your Govt income. Your standard deduction (you and your pouse should file jointly), plus your exemptions, sh...
- Sat Apr 14, 2007 6:20 am
- Forum: Canada / United States Tax & Accounting
- Topic: The "valid passport" dilemma
- Replies: 7
- Views: 5741
- Sat Apr 14, 2007 6:19 am
- Forum: Canada / United States Tax & Accounting
- Topic: The "valid passport" dilemma
- Replies: 7
- Views: 5741