Serbinski Accounting Firms

On form 2555, Should I select the Bona Fide test or the Phisical presence test ? Thanks.

Great ! Thanks for all the help.

Thanks Nelsona !

Do I have to do anything special to indicate that this is a newcomer return ? Is simply writing the re-entry date in the software enough ?

I have another similar question, but for my Canadian taxes this time. Do I have to exclude my US income I earned before moving back to Canada ? I thought all I had to do is to enter my entry date on my Canadian taxes. I am using Quick tax Web to do it and when I enter my entry date, I suddenly owe a...

I am working as a contractor (no withholdings on my paycheck). Would it make a difference if I was an employee?

[quote="nelsona"]Most pepole leaving the US find it better to file a full-year 1040, excluding their post-departure foreign wages using form 2555.[/quote] I am in a similar situation as Badger. I moved back to Canada July 2006. I am planning to file a full-year 1040 combined with form 2555...

Yes we are now in Canada, since July 2006. We still own that rental property. I am planning to file a full year 1040. I still have a green card in my hands, but I am planning to give it back soon.

Should I go back and file again for these years ?

I have another type of question about rental property and depreciation. While we lived in the US (until July 2006), we had a rental property in Canada. I always filled the required taxes in Canada (T776, 216) from the 1st day we purchased that property (2003). I always managed to bring the rental ne...

I moved back to Canada in July 06, after spending 9 years in CA, and I decided to follow Nelson's stock advice : "sell your losers before moving back, keep your winners". Here's the situation: Two years ago I purchased stocks from the company I used to work for. I was actualy exercising op...

I think so too, but I thought there was a form I could fill out before leaving the US to extend the life of my green card, as long as I keep ties with the US. That's why I was wondering if the job I found could help. Not having a US address will not help, but maybe the job could... not sure !

I'm a green card holder moving back to Canada this year. I found a job with a US employer and will work from home in Canada. Is this kind of tie strong enough to be able to keep the GC active for a few of years ? I'm planning to keep bank accounts and credit cards active in the US. I will have to se...

oups ! I don't know how I posted the same thing again. Sorry !
Not sure how to delete it...

oups ! I don't know how I posted the same thing again. Sorry !
Not sure how to delete it...

Friends of mine is moving back to Canada this year and they are selling their house in the US. They have been residents of California for several years. Their real estate agent wants to withhold 10% of thier gain according to the FIRPTA rule. That the first time I hear about this rule and it looks t...