Serbinski Accounting Firms

Correction

This link
http://www.traveltax.com/Documents/RR%202002-23.pdf

Revenue Ruling 2002-23

I have the text on my website
http://www.traveltax.com/Documents/Lett ... 905202.pdf

I addition, I realize that the proposed changes to the US -CAN tax treaty address this issue, but how do we solve it now?

Thanks in advance to Nelson or anyone else who can help untangle this. I have new client that lives in a US border town. She has worked the last 10 years for a Canadian employer and contributied to RRSP's. On their US tax returns they have included the RRSP contribution amount in computation of tota...

Moved to the US toward the end of the year: Fililg 1040 for full year with departure date on T1. For capital gains distributions derived from a Canadian mutual fund, is my US tax limited to 15% via treaty and the entire amount taxable in Canada? Or are the capital gains only taxable in Canada thanks...

Don't touch those - just know the industry.

Enjoy your posts.

I am focusing on company paid housing (or an allowance based on a per diem). Since it is reimbursed, you cannot claim the expenses. The housing or allowance is not reported on the w-2 when substantiaited. Otherwise without maintaining a tax home in Cananda, it is reported income in the US and there ...

Fully understood. At the same time, there are a number TN professionals that come to the states for short periods and return to Cananda and/or maintain their ties in Cananda who are provided housing benefits from the company while working temporarily in the US- but they do not file in Canada. When d...

You are nor necessarily taxable in CA on the income, but it is included as an adjustment to Federal amounts on the 540NR to determine the ratio for the deductions CA allows. In effect, they tax all income and then take a percentage of the tax and deductions See the instruction for the 540NR http://w...

Nelson:

In regards to foriegn tax credits when filing as a full year resident in both Canada and the US:
Is the tax liability used for the foreign tax credit on the T1 the amount AFTER the 1116 credit? Or does one use the tax prior to the 1116 credit (spared taxes).

The first words of my reply were "No disagreement here..."

Nelson: No disagree ment herer, but just digging deeper. There are a number of TN professionals that are claiming Canadian tax homes and receiveing away from home housing provisions/allowances from the company that is employing them while temporarily in the US. In that case - and you have fielded a ...

www.irs.gov - in the search bar type "treaty"

Nelson et al:

Is there an official form for an individual to

1) Request a waiver of penalties for a late filed informational return?
2) Appeal a reassesment

Thanks in advance

Nelson:

In repsonse to an old post

It was my understanding that the CRA takes the stance that the 10% penalty for an early withdraw from your IRA is not an "income and profits tax and not eligible for the foreign tax credit.