Search found 86 matches
- Fri Mar 23, 2018 4:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 2018 US/CAN tax planning for TN termination
- Replies: 6
- Views: 2793
- Fri Mar 23, 2018 4:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 2018 US/CAN tax planning for TN termination
- Replies: 6
- Views: 2793
Thanks. I also have about 1k in HSA and 6k in employer sponsored Roth 401k. Should I try to use the HSA before I leave or does it not matter, and I assume I should also convert the Roth 401k to Roth IRA? Is it only to avoid the investment fees since both are after after tax? Lastly, the day I land i...
- Fri Mar 23, 2018 3:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 2018 US/CAN tax planning for TN termination
- Replies: 6
- Views: 2793
2018 US/CAN tax planning for TN termination
I'm currently on TN and single 30 year old, moved to NYC since 2016 and non resident of Canada. My TN job will end in 07/2018 (TN status valid until 05/2019) and I will have to find another job either before that or within the 60 days + 180 days for the grace period and B2 status before settling bac...
- Thu Jun 08, 2017 3:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN Status: Business credit card application
- Replies: 8
- Views: 3127
- Thu Jun 01, 2017 5:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN Status: Business credit card application
- Replies: 8
- Views: 3127
- Thu Jun 01, 2017 4:53 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN Status: Business credit card application
- Replies: 8
- Views: 3127
- Thu Jun 01, 2017 4:34 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN Status: Business credit card application
- Replies: 8
- Views: 3127
Right, the act of selling used books is fine under TN status, however if I want to apply a business credit card as sole proprietor using my SSN with the above, wouldn't this get reported to IRS/USCIS and possibly get me into trouble? Since I am effectively claiming that I qualify for opening a small...
- Thu Jun 01, 2017 3:50 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN Status: Business credit card application
- Replies: 8
- Views: 3127
TN Status: Business credit card application
As a TN status person in US working, is it correct that I cannot apply for a business credit card in the US and claim amazon or e-bay or craigslist or garage sale of selling used books or old electronics as my small business? No profit/revenue is really being made as this is for the purpose of getti...
- Tue May 23, 2017 11:34 am
- Forum: Canada / United States Tax & Accounting
- Topic: Non US resident IRA trading brokerage firms
- Replies: 8
- Views: 4143
So I've made a year in my company and can now contribute to 401k with employer matching up to 5%. Question, I can do it pretax basis or after-tax Roth basis from my salary deduction. Is it still better to do it as Roth per the recommendation above given my single under 30 status and with an intentio...
- Wed Apr 12, 2017 9:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: State efile (NY) only with 1040
- Replies: 0
- Views: 3445
State efile (NY) only with 1040
I prepare my tax in 2016 as dual status with 1040 and 1040NR part year. I filed the 1040 dual status already and sent to the IRS mailing address, using TaxAct. For the NY return, it's not letting me e-file using it's interface since I set myself to dual status for the 1040, there's no single state e...
- Mon Apr 10, 2017 5:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TFSA capital gains for
- Replies: 32
- Views: 12983
- Mon Apr 10, 2017 4:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TFSA capital gains for
- Replies: 32
- Views: 12983
- Mon Apr 10, 2017 3:49 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TFSA capital gains for
- Replies: 32
- Views: 12983
So I've finally sorted out all the forms and here's what I'm filing/reporting. Again, single moved May 2016 from Canada to US under TN Canada: Federal / ON reporting all income and stock sales until departure date T1243 listing the money market mutual funds I had (sold at cost a month later, no gain...
- Thu Apr 06, 2017 6:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Becoming non-resident and closing TFSA
- Replies: 11
- Views: 7449
- Thu Apr 06, 2017 4:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Moving to USA, how to do with Canadian cash?
- Replies: 10
- Views: 3903
I would choose #3 if I had the chance to re plan my US move. Just look at the number of forms below you may have to file from that URL if filing 1040. ETF will require 8621 Fbar 3938 already with 10k+ amount. If you have time left, convert to USD at a favorable rate or if there's no time left just f...