Search found 18293 matches

by nelsona
Thu Feb 15, 2007 6:29 am
Forum: Canada / United States Tax & Accounting
Topic: Form 2555 questions as My Canadia wife's income in Canada
Replies: 5
Views: 3617

... just to clarify, you report all your and her income. Then use 2555 and the new tax sheet to calc tax.
by nelsona
Thu Feb 15, 2007 6:25 am
Forum: Canada / United States Tax & Accounting
Topic: Form 2555 questions as My Canadia wife's income in Canada
Replies: 5
Views: 3617

You may continue to use 2555 to exclude her Cdn wages, so long as she continues to meet the requirements for FEIE, which is not being in US for certain ammount of days, or maintaining her tax home in CAnada. Of course, her staying in Canada puts into question your own tax residence, but I'll leave t...
by nelsona
Wed Feb 14, 2007 1:57 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian permanent resident commuter to US
Replies: 9
Views: 5454

No, it is not deductible. besides, since it is now 2007, it is impossible for you to overcontribute for 2006.

If you are saying that you contributed to an RRSP in 2006, then you must be sure that it was less than $2000, or you will be penalized.
by nelsona
Wed Feb 14, 2007 12:35 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian permanent resident commuter to US
Replies: 9
Views: 5454

1. You would only have RRSP contribution room if you had reported wages on your 2005 return, so, no. You may contribute now for 2007 if you wish, claiming the deduction in spring 2008. 2. The foreign tax credit for your T1 is based on the final fed and state tax that you pay, not what was withheld d...
by nelsona
Wed Feb 14, 2007 11:51 am
Forum: Canada / United States Tax & Accounting
Topic: May I use T5 instead of NR4
Replies: 4
Views: 5568

Why would writing a letter not be worth $15? You have to mail your return in anyc ase. It will not open any questions, as this is the cortrect procedure to follow. Besides, to correctly claim foreign tax credits on his 1040, he can only claim the 10% he legally owes. Carson, what would be your thres...
by nelsona
Wed Feb 14, 2007 11:16 am
Forum: Canada / United States Tax & Accounting
Topic: Attribution Rules for Couples moving to Canada
Replies: 1
Views: 2194

If you were living in Canada the answer would be clear-cut: you would pay tax on income that that money earned. There are some exclusions to this. Once you leave Canada, the answer is not so clear-cut, in my opinion, as there is no way for CRA to determine the source of such funds. Add to the mix th...
by nelsona
Wed Feb 14, 2007 10:45 am
Forum: Business & Personal Immigration to the United States
Topic: Transfer from TN yo H1B
Replies: 6
Views: 7308

This is incorrect. There is a special category for those witha US Masters , but
it is staill a restricted quota, which is curently full. A Cdn masters gets you nothing.

Your only hope is to file april 1 or 2 under the genaral cap.
by nelsona
Wed Feb 14, 2007 10:41 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian Resident - Working in US ( US Company)
Replies: 5
Views: 3591

If you were working in the US (non-commuting) you would make application for UI thru the state agency, but with HRDC involvement (since you would need to prove that you are looking for work in canada). If you are a commuter (ie. working i na border state), you would apply thru the state agency direc...
by nelsona
Wed Feb 14, 2007 8:06 am
Forum: Business & Personal Immigration to the United States
Topic: Transfer from TN yo H1B
Replies: 6
Views: 7308

... a US employer.
by nelsona
Wed Feb 14, 2007 8:05 am
Forum: Business & Personal Immigration to the United States
Topic: Transfer from TN yo H1B
Replies: 6
Views: 7308

You need an employer, and you need to let THEM do all the paperwork.
by nelsona
Wed Feb 14, 2007 7:40 am
Forum: Canada / United States Tax & Accounting
Topic: May I use T5 instead of NR4
Replies: 4
Views: 5568

No. Since you left in march, you are NOT supposed to report interst on your tax return from after march 19. Did you read the Emigrants guide? You must tell your bank that you are non-resident. It will take effect now. You must tell anyone who might pay you from Canada (bank, RRSP, renters, etc) You ...
by nelsona
Wed Feb 14, 2007 7:32 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian Resident - Working in US ( US Company)
Replies: 5
Views: 3591

THey aren't taxed as single; worse they are taxed as Married filing separately. Because there is no obligation to include spousal income. You are quite free to file jointly, but this would mean reporting ALL world income for the entire year. for both of you. Look overthis site, threr is a specila pr...
by nelsona
Tue Feb 13, 2007 5:58 pm
Forum: Business & Personal Immigration to the United States
Topic: Transfer from TN yo H1B
Replies: 6
Views: 7308

Yes, your employer has to file an LCA, its part of the H1 process. Afterwards they file I-129, with the approved LCA. You had better be ready April 1st or 2nd, as the H1 cap is sure to be met within a few days after April 1, for work starting Oct. 01. But don't let this H1 application delay you in s...
by nelsona
Tue Feb 13, 2007 5:22 pm
Forum: Canada / United States Tax & Accounting
Topic: Deduction of attorney fees
Replies: 4
Views: 3087

You would include the $4000 in misc expenses, and the nreduce those by 2% of AGI, like the instructions explain.
by nelsona
Tue Feb 13, 2007 5:21 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Resident - Working in US ( US Company)
Replies: 5
Views: 3591

You need to file in US of course, since no doubt you had tax withheld, and it is US-source income. You also ned to file in the state. As a non-resident. If it was less than 10,000US you can claim an exemption from US (but not state tax). Then report all the income in Canada too, and claim any US tax...