Search found 73 matches

by DonMurphyCanada
Wed Apr 02, 2014 3:06 pm
Forum: Canada / United States Tax & Accounting
Topic: In a Mess
Replies: 14
Views: 8135

Sorry not sure how that glitched like that...

What are you amending - which form? My understanding is you can amend for the last 3 years which would include 2010, 2011 & 2012. How far back do you need to file and have you computed each year to see if anything is owning on a per year basis?
by DonMurphyCanada
Wed Apr 02, 2014 12:34 pm
Forum: Canada / United States Tax & Accounting
Topic: In a Mess
Replies: 14
Views: 8135

Actually that is 2010 2011 & 2012 because 2013 is not due quite yet... [quote="DonMurphyCanada"]What are you amending - which form? My understanding is you can refine for the last 3 years which would include 2011, 2012 & 2013. How far back do you need to file and have you computed ...
by DonMurphyCanada
Wed Apr 02, 2014 12:32 pm
Forum: Canada / United States Tax & Accounting
Topic: In a Mess
Replies: 14
Views: 8135

What are you amending - which form? My understanding is you can refine for the last 3 years which would include 2011, 2012 & 2013. How far back do you need to file and have you computed to see if anything is owning on a per year basis? Honestly I am not sure if any of this matters as I am not th...
by DonMurphyCanada
Tue Apr 01, 2014 3:22 am
Forum: Canada / United States Tax & Accounting
Topic: Stupid RESP
Replies: 1
Views: 1688

Stupid RESP

OK, Is a PFIC filing required for this "CASH" RESP? I have to admit that I do not understand this market to market QIF stuff. I think I would also like to remain ignorant of the term Annuitant.... I found a few weeks ago that that because of a RESP that my wife and I own jointly (We SHOULD...
by DonMurphyCanada
Mon Mar 31, 2014 6:13 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax software for expatriates
Replies: 14
Views: 10171

I see I may have been wrong about this. My situation is a RESP for $6000. I guess I will now be looking at PFIC now too.... [quote="DonMurphyCanada"]Sorry did not apply to me. Don [quote="sunnysga"]I am using TaxAct to prepare US return. I notice however, that you can only make 5...
by DonMurphyCanada
Mon Mar 31, 2014 6:08 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax software for expatriates
Replies: 14
Views: 10171

Sorry did not apply to me.

Don

[quote="sunnysga"]I am using TaxAct to prepare US return. I notice however, that you can only make 5 copies of form 8621 (for PFICs) within the program. How did you work around that? Thank you.[/quote]
by DonMurphyCanada
Sun Mar 30, 2014 10:37 am
Forum: Canada / United States Tax & Accounting
Topic: 1040 Schedule M for USC living in Canada
Replies: 2
Views: 1994

It looks to me like it exists for 2009 and 2010. My wife USC living in Canada) is back filing her taxes for the last 6 years. In all those years she "had no income" to report she thought. But as we have recently discovered Universal Child Care Benefit and RESP "income" (governmen...
by DonMurphyCanada
Sat Mar 29, 2014 8:02 pm
Forum: Canada / United States Tax & Accounting
Topic: 1040 Schedule M for USC living in Canada
Replies: 2
Views: 1994

1040 Schedule M for USC living in Canada

Are US citizens living and working in Canada eligible for the 1040 Schedule "Making Work Pay Credit" This seems to indicate my wife who files a US tax return - married but filing separately is eligible: http://www.irs.gov/uac/Most-Workers-Need-to-File-Schedule-M;-Making-Work-Pay-Credit-Off...
by DonMurphyCanada
Sat Mar 29, 2014 1:47 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen status
Replies: 10
Views: 7745

SO given I have children who are US citizens for US income tax purposes when do I have to start filing a US tax return for them?

Are children under a certain age exempt?

Thanks
by DonMurphyCanada
Thu Mar 27, 2014 7:04 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen status
Replies: 10
Views: 7745

Hi MGeorge, You are correct. I posted my own answer to my question above. Look under Birth Abroad to One Citizen and One Alien Parent in Wedlock A child born abroad to one U.S. citizen parent and one alien parent acquires U.S. citizenship at birth under Section 301(g) of the INA provided the U.S. ci...
by DonMurphyCanada
Thu Mar 27, 2014 2:32 pm
Forum: Canada / United States Tax & Accounting
Topic: No W2 or Taxes withheld.
Replies: 2
Views: 1942

Re: No W2 or Taxes withheld.

Not sure this answers your question but employers in Canada to not issue W2's they issue something similar called T4's. [quote="FX004"]I work for a Canadian employer, but spent 221 days working in Michigan last year. My corporation did not withhold any taxes, or subsequently supply me with...
by DonMurphyCanada
Thu Mar 27, 2014 2:30 pm
Forum: Canada / United States Tax & Accounting
Topic: FBAR Form 114 - TIN Part IV Box 35
Replies: 2
Views: 2853

Yes I was looking at a printed form. I spoke to the helpline and the indicated this is most likely the CRA RN number (Business Number) [quote="rafa02"]If you open the options selection at box 35a, one option is Foreign, I believe "Foreign" is also acceptable to use for 35, as wel...
by DonMurphyCanada
Thu Mar 27, 2014 2:13 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen status
Replies: 10
Views: 7745

Thanks for the reply. Yes for US income tax filing for my kids. I have kids that were born in the US (US citizens) and kids that were born in Canada and have lived there their entire life. (I am a Canadian and my wife is born an raised in the US. We married at 25 had three kids then moved to Canada ...
by DonMurphyCanada
Thu Mar 27, 2014 12:44 am
Forum: Canada / United States Tax & Accounting
Topic: US citizen status
Replies: 10
Views: 7745

US citizen status

Can someone direct me to a reference that explains when a person is subject to being a US citizen? One scenario is Canadian father and US mother have child while living in US and then move to Canada prior to 18th birthday. Is the child always considered a US citizen? Another scenario is Canadian fat...
by DonMurphyCanada
Wed Mar 26, 2014 11:41 pm
Forum: Canada / United States Tax & Accounting
Topic: FBAR Form 114 - TIN Part IV Box 35
Replies: 2
Views: 2853

FBAR Form 114 - TIN Part IV Box 35

Wife is USC living and employed by a Canadian Registered charity where she has signature authority on an account that needs to be disclosed in Part IV. What would the TIN number be in box 35 and the TIN type be in box 35a. The account in question is a checking account at a Canadian (BC) Credit Union...