Serbinski Accounting Firms

A simple one: I'm amending back returns using 1040x. I'm changing 1040, adding 2555EZ (for my wife), and 8891 (for both of us). But I am not changing 2555EZ for myself. Should I go ahead and include that form anyway (a new one since I don't have copies), or explain somewhere that I am not changing m...

Excellent. Sorry for getting confused. I appreciate your patience.

BTW, you seem to dedicate considerable effort to answering these endless questions. I don't know how you do it....

So, are you saying I cannot submit a 1040x for pass year and do an election to defer at this point? Bummer.

That helps, thanks. One last small clarification: If invoking the treaty in 2005 also makes past income undeclarable, then why are earlier 8891 forms necessary at all? In other words, if the rules apply historically to one thing (adding income to your basis), why not the other (income declaration &q...

I am a US citizen. While I have still have records of my contributions (likely back to day 1), I have contributed almost every year. And I have actively traded. Does that mean I need to compute income segmented by cap gains, interest, and dividends back to 1995 or so? Thanks for your insights.

So, are you saying I should go back 10+ years (when I first started my RRSP) and record my contributions for those years -- and then segment everything by investment type? I'm not even sure that data would still exist. Is "the day you became taxable" the day the RRSP first earned income or...

Based on other tax advice, I submitted 8891 for tax year 2005 and said "yes" to line 6c (irrevocable election). I don't know exactly what is meant by irrevocable, but I have some clarification questions: (1) I had this RRSP for a number of years. When I cash out, will the amount in there (...

Looking back at past forms, I have made two errors that could impact my foreign earned income exclusions. For complicated reasons, I need to change my 2002 filing from MFJ to MFS. No other changes on that form. Will this impact my exclusion? I also need to change my 2005 form. I did not include enou...

I was about to ask....

Thanks to you both!

What if I transferred the house into my wife's name? Would there be a declaration to make in that scenario?

I am a dual US/Canadian citizen. I have lived in Canada for many years. I have three related questions that I haven't been able to find a clear answer to: 1. Can municipal property taxes be deducted on US returns (presumably as part of the foreign tax credit)? 2. If a US citizen sells their house in...