Search found 18289 matches

by nelsona
Tue Apr 24, 2007 12:23 pm
Forum: Canada / United States Tax & Accounting
Topic: TN: Significant Other following me 3 months later.
Replies: 8
Views: 6963

The tax problem, in your case, is that she has no legal right to live with you in US, since she cannot get a visa that permitts this. The best she can do is VISIT you, and must therefore mantain a residnce in Canada. Also, her tourist status will make it hard (not impossible) to establish US tax res...
by nelsona
Tue Apr 24, 2007 12:12 pm
Forum: Canada / United States Tax & Accounting
Topic: Education Savings Accounts
Replies: 1
Views: 2126

1. It is unlikley that the expenses related to home-schooling would be eligible. Talk to the program co-ordinators.

2. many Cdn universities are accredited. Again, you would nbeed to talk to someone at the school.

3. Tax deferral is not maintained.
by nelsona
Mon Apr 23, 2007 7:55 am
Forum: Canada / United States Tax & Accounting
Topic: Dual citizen living in Canada working in the US
Replies: 14
Views: 10067

Obviously you can switch your 401(k) to an IRA, presumably after your current employer (most firms won't allow it while still working there).
by nelsona
Sun Apr 22, 2007 8:41 pm
Forum: Canada / United States Tax & Accounting
Topic: Dual citizen living in Canada working in the US
Replies: 14
Views: 10067

There is no advantage in transferring 401(k) to RRSP in Canada.
by nelsona
Sun Apr 22, 2007 8:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Dual citizen living in Canada working in the US
Replies: 14
Views: 10067

I would lokk at expat tax on IRS website.
by nelsona
Sat Apr 21, 2007 11:31 am
Forum: Canada / United States Tax & Accounting
Topic: SUPPLEMENTAL WAGE LOSS REPLACEMENT
Replies: 3
Views: 3099

you don't need to CAPitalize ALL your headings.
by nelsona
Sat Apr 21, 2007 11:28 am
Forum: Canada / United States Tax & Accounting
Topic: Dual citizen living in Canada working in the US
Replies: 14
Views: 10067

If you've lived in the US for several years, you may be penalized for wanting to give up your GC anywys, so you might as well have all the rights of USC. Besides, your wife will always have to file in US, sometimes with you, so you aren't going to be ridding yourself of US tax regime. Get citizenshi...
by nelsona
Sat Apr 21, 2007 3:08 am
Forum: Canada / United States Tax & Accounting
Topic: Dual citizen living in Canada working in the US
Replies: 14
Views: 10067

1) you will report all your income to Canada, BC and US. A series of complicated foreign tax credits will result in you paying BC taxrates. 2)You will not pay any cap gains in Canada, so long as you sell your US home at approx the same time that you buy your Cdn one. Any US tax will depend on you ha...
by nelsona
Fri Apr 20, 2007 8:38 pm
Forum: Canada / United States Tax & Accounting
Topic: SUPPLEMENTAL WAGE LOSS REPLACEMENT
Replies: 3
Views: 3099

Please watch ALL CAPs
by nelsona
Fri Apr 20, 2007 8:37 pm
Forum: Canada / United States Tax & Accounting
Topic: ITEMIZED DEDUCTIONS
Replies: 1
Views: 2156

Yes.
by nelsona
Wed Apr 18, 2007 2:22 pm
Forum: Canada / United States Tax & Accounting
Topic: Federal foreign tax credit or deduction?
Replies: 1
Views: 2085

This section relates to business income. If you are self-employed, you might be able to use it. I *think* this is dealing more with with "business tax" (ie. a tax on assets) IT-506:subsections 20(11) and (12) which provide for the deduction of certain foreign taxes in the computation of a ...
by nelsona
Wed Apr 18, 2007 12:12 pm
Forum: Business & Personal Immigration to Canada
Topic: Waiting for P.R. married to Canadian u.s. consultant
Replies: 1
Views: 5083

Please post on the TAX forum.
by nelsona
Wed Apr 18, 2007 11:48 am
Forum: Canada / United States Tax & Accounting
Topic: June 15th extension qualification
Replies: 3
Views: 3443

Depends what you mean by 'denial'. The IRS will accept your return whenever you hand it in, be it 30 days or 30 months from now. They would probably charge late filing penalty on top of interest and late payment penalty. You would be hard-pressed to be able to contest any penalty. All these 'extensi...
by nelsona
Wed Apr 18, 2007 10:35 am
Forum: Canada / United States Tax & Accounting
Topic: June 15th extension qualification
Replies: 3
Views: 3443

Technically this applies only to US citizens and LPRs. You should probably file 4868 and get 6 month extension. If you are filing a 1040 (as opposed to a 1040NR) one could argue that a treaty non-discrimination applies, but that would be a bit heavy-handed IMO. If you are filing a 1040NR however, yo...
by nelsona
Wed Apr 18, 2007 7:34 am
Forum: Business & Personal Immigration to the United States
Topic: Legal costs for visa when switching employers
Replies: 3
Views: 5128

AC21 allows for one -- after I-485 has been pending for 6 months -- to move to another company, with them picking up sponsorship.

It's called I-140 portability.