Serbinski Accounting Firms

Thanks for your reply Nelsona. Once, I obtain the effective tax rate from 1040 (line 63/line 37), would I multiply that with the Ajusted Gross Income (line 36 on 1040 NR) to calculate the net tax (line 58 on 1040NR) ?

Nelsona - See I am asking my question in a new thread :)... I calculated my effective tax rate (line 37/line 21) using the 1040 pro-forma, claiming standard deductions for me and my wife and claimed 2 dependents (my parents since they live with me). My effective tax rate is coming to 9.5% which I ap...

The only reason why I put my question on this thread or piggyback on another thread is because it is still relevant to the thread topic.....not sure why you get offended with that??.....shouldn't anyone be allowed to contribute to any thread on a forum?

If we choose to file 1040 using Article XXV, do we have to file the AMT form (Alternative Minimum tax) as well? Last year I filed 1040NR and was asked by IRS to fill the AMT form......so if I file using 1040 this year, I am paying atleast 4K-5k less taxes to US....Isn't that going to raise a red fla...

I am sorry but I don't understand what you mean Nelsona. Form 8833 requires a US address, can I still use it to take advantage of Article XXV?

Nelsona.......I asked this question earlier but never got a reply....... Is this the form we have to use for the treaty? http://www.irs.gov/pub/irs-pdf/f8833.pdf This form requires a US address.....As a canadian resident, how do I give a US address?....I am a canadian citizen and commute to work on ...

Thanks Nelsona...this is the link to form 8833
http://www.irs.gov/pub/irs-pdf/f8833.pdf

This form requires a US address.....As a canadian resident, how do I give a US address?....I am a canadian citizen and commute to work on H1....u think I can still use this treaty?

thanks

if I amend my canadian taxes, can I go back and invest in RRSP's for those years? If not, whatever I save on US taxes, I will end up paying to Canada. So, is there any real advantage in amending the taxes for previous years?

How do you notify the IRS that you are filing 1040 NR but using Article XXV(4) ? I have been filing simple 1040NR for the last 5 years......wouldn't the IRS smell something fishy when I do it the other way this year......I could possibly save atleast 3 to 4K in taxes this year.......does it make sen...

Thanks....Isn't it better to file 1040 instead of 1040NR as the tax rates are lower in 1040?.....1040NR tax tables have no provision for married-joint filers. Is that the reason why you mention the 'special 1040NR' ?.....what tax tables would I use to calculate my taxes? If I file 1040, I would be a...

nelsona, I am very confused regarding one of your replies in this post(attached at the end of this note)....I am a canadian citizen who lives in windsor and commutes to work in michigan....Every year I have been filing 1040NR......My wife does not work....According to this post, should I be filing 1...

I am a canadian commuter who works in US.....I would like to know the rules of amending your tax return from last year? I am looking at my CRA notice of assessment from last year and find I have federal non-refundable tax credits of close to $3000 and on line 6150 ontario non-refundable tax credits ...

so if I paid lets say $4000 in attorney fees...how much would I be allowed to deduct ?

Thanks for your replies nelsona. I am a little confused about this statement...."And on the medicare note. Merely paying for health insurance would not be their only medical payment, this would merely reduce their medical bills".........besides the health insurance what other medical expen...

Thanks nelsona. When you say "As long as they maintain a Cdn residence available year round"... they will be using my brother's address as they do not have a place of their own in canada. All the bank statements go to that address. They intend to mainly stay with me in US or come back and ...