Search found 313 matches
- Mon Nov 19, 2012 5:50 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Newbie questions (do i *have* to file?)
- Replies: 18
- Views: 10391
Hi didnotknow, Is your father a US citizen? I'm not sure about how the rules may have changed over the years - but my understanding is that US citizen is only automatically conferred at birth if: 1. You were born in the US - which you weren't 2. BOTH parents are US citizens when you were born outsid...
- Mon Nov 05, 2012 6:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Defined Contribution Registered Pension Plan
- Replies: 4
- Views: 3108
For now, no reporting on form 8891 is required. When you leave the company and your pension plan gets rolled into a Locked-in Retirement Account (LIRA) then it gets treated as an RRSP and at that time, it will require reporting on form 8891. It is my understanding that while this account is a Regist...
- Mon Oct 29, 2012 9:32 am
- Forum: Canada / United States Tax & Accounting
- Topic: Do you get an assessment notice from IRS similar to CRA
- Replies: 4
- Views: 3368
- Mon Oct 29, 2012 9:25 am
- Forum: Canada / United States Tax & Accounting
- Topic: Do you get an assessment notice from IRS similar to CRA
- Replies: 4
- Views: 3368
- Mon Oct 29, 2012 9:03 am
- Forum: Canada / United States Tax & Accounting
- Topic: Question about calculating the "Effective Tax Rate"
- Replies: 17
- Views: 9956
Hi Ianman2000, This is an interesting one. Could you clarify what your filing situation is? From what I have read in this thread, it seems that you are a US citizen living in Canada with both Canadian and US source income. Is this correct? Regarding the US source income - doesn't the treaty kick in ...
- Fri Sep 28, 2012 9:26 am
- Forum: Canada / United States Tax & Accounting
- Topic: Non-recognition of pension income splitting; both ways?
- Replies: 6
- Views: 3761
- Wed Sep 26, 2012 2:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Non-recognition of pension income splitting; both ways?
- Replies: 6
- Views: 3761
- Wed Sep 26, 2012 10:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: Non-recognition of pension income splitting; both ways?
- Replies: 6
- Views: 3761
Non-recognition of pension income splitting; both ways?
Hi All, I have a question regarding pension income splitting. This applies to my mother who is a US citizen, resident in Canada, married to a non-US citizen. If my Mom's husband receives a pension and elects to "income split", does the pension income reported on my Mom's Cdn return have to...
- Thu Sep 13, 2012 3:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RESP's and possible tax implications for dual citizen child
- Replies: 17
- Views: 13502
- Thu Sep 13, 2012 2:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RESP's and possible tax implications for dual citizen child
- Replies: 17
- Views: 13502
Hi Frankd1, Do your children already have US passports and social security numbers? I would still recommend checking with the state department. I am sure that they are eligible for US citizenship, but it may not necessarily be automatic (ie. they could choose not to exercise it). My understanding (c...
- Fri Aug 10, 2012 1:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Statue of limitations; didn't know about Cdn Mutual funds
- Replies: 1
- Views: 2100
Statue of limitations; didn't know about Cdn Mutual funds
Hi All, I'm a US citizen living in Canada. I've recently learned from reading this forum, and other websites that most foreign (Canadian) mutual funds are considered PFICs for US tax purposes. I also recently filed form 3520A and 3520 for my TFSA which contains Cdn mutual funds - but the balance is ...
- Mon Jul 23, 2012 2:40 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Help - IRS letter indicating penalty for late 3520
- Replies: 107
- Views: 185897
- Mon Jul 23, 2012 10:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: please help: canadian mutual fund issue
- Replies: 15
- Views: 9750
Hi Newbe12345, I'm definitely not a professional, so I can't give you professional advice. However, after reading your situation, it sounds like you have only made inocent mistakes. I would suggest you follow nelsona's suggestion - and also discuss your situation with a tax accountant how is familia...
- Thu Jul 12, 2012 5:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Filing back returns: 2008 recovery rebate?
- Replies: 7
- Views: 4719
- Thu Jul 12, 2012 12:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Filing back returns: 2008 recovery rebate?
- Replies: 7
- Views: 4719