Search found 73 matches
- Tue Mar 18, 2014 5:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax software for expatriates
- Replies: 14
- Views: 9685
- Sat Mar 15, 2014 8:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Algorithm for doing a 3520-3520A in 2nd year and beyond
- Replies: 28
- Views: 27311
I have a question about the amounts to place on the 1030 from the 3520A. (Wife is filing a her US taxes - USC living in Canada since 2010 and we have a joint RESP - doh) Assuming I have the following 3 values on 3520-A for the RESP: Page 2 - Part 2 - Line 1 - Interest (Calculated 2013 RESP interest)...
- Wed Mar 12, 2014 11:59 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Report joint RESP on 3520,3520A
- Replies: 5
- Views: 4350
- Wed Mar 12, 2014 11:52 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax software for expatriates
- Replies: 14
- Views: 9685
Tax software for expatriates
Hello, I saw a post where Nelsona had asked us to please use tax software. I have been manually entering numbers on forms and doing the calculations myself. I like the idea of software. So I ask you, what US tax software is working well for you folks that includes the forms we need (1040, 1116, 3250...
- Mon Mar 10, 2014 10:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: RESP joint account
- Replies: 3
- Views: 2800
- Mon Mar 10, 2014 10:30 am
- Forum: Canada / United States Tax & Accounting
- Topic: RESP joint account
- Replies: 3
- Views: 2800
RESP joint account
I am a Canadian citizen who married a US citizen living in Canada as a permanent resident. We took out a RESP about 6 years ago and have now just discovered the reporting requirements of 3520-A, 3520 etc etc. You know the story ;) Question 1 --> Because both of our names are on the RESP is there a w...
- Sat Mar 08, 2014 11:07 am
- Forum: Canada / United States Tax & Accounting
- Topic: Off for the rest of the tax season
- Replies: 4
- Views: 2933
- Fri Mar 07, 2014 7:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 401K disbursement
- Replies: 10
- Views: 5329
- Fri Mar 07, 2014 2:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 401K disbursement
- Replies: 10
- Views: 5329
- Mon Mar 03, 2014 11:07 am
- Forum: Canada / United States Tax & Accounting
- Topic: 401K disbursement
- Replies: 10
- Views: 5329
Ahh ok I was not aware of that. What I am really trying to figure out is what is the tax I will have to pay on the 401K's if I die before 59.5 If US taxes at 15% wouldn't Canada consider that income as that in where I resede. So on the 401K of $150,000 wouldn't I pay: 15% US federal tax to the US go...
- Sun Mar 02, 2014 9:50 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 401K disbursement
- Replies: 10
- Views: 5329
Actually married filing separately show 39.5 % tax is owing (2013)http://en.wikipedia.org/wiki/Income_tax ... ted_States
- Sun Mar 02, 2014 9:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 401K disbursement
- Replies: 10
- Views: 5329
Thanks for the reply. I am not paying taxes now but I am in the planning stages. 15% it is. I understand the answer to question 1 (15%) but in question 2 both spouses die before 59.5. That would mean federal tax is due on $300000 which I believe is 29% isn't it? What would the US inheritance tax be ...
- Sun Mar 02, 2014 12:48 am
- Forum: Canada / United States Tax & Accounting
- Topic: 401K disbursement
- Replies: 10
- Views: 5329
401K disbursement
I am a Canadian and I married a US citizen about 25 years ago. We lived/worked in California where we both contributed for arguments sake $150000 each in 401K’s. We moved back to Canada (I gave up my Greencard she is still a citizen) about 14 years ago and am now wondering about 401K disbursements...