Serbinski Accounting Firms

Yes, I am getting a green card so I will be a resident for tax purposes at the end of 2022. My wife is a USC and can choose to be treated as a resident for the entire year. Is there any advantage to file MFJ 1040 instead of the dual-status returns?

I am a Canadian resident filing 1040-NR returns to IRS (for my income from US). I will become a US resident for the last 2 months of 2022. Pub 519 states that for this situation I have to file a dual-status 1040 tax return for 2022. This return should include a statement about changing the residency...

I worked in US for 11 years and earned 40 credits for SS.

I applied for SS when was a Canadian resident receiving CPP. The WEP affected my SS amount - it was reduced by 50% of my CPP amount at that time (converted into US$). As CPP got indexed the next year I called SS office and ask if my WEP amount would be adjusted accordingly. They told me that I did n...

If I am a CPP/OAS recipient living in US do I just combine these payments with my SS and report them on the same line of the 1040 form (with only 85% taxable)?

I know that any bank interest is only taxed either in US or in Canada depending on residency. Let's say I move to US on October 1. My GIC in one of Canadian banks will mature in December and the interest will be payed at maturity. Should I report this interest only to IRS or I have to split it propo...

To keep OHIP with the temporary move condition one has to make Ontario "your primary place of residence". This probably means that one has to pay federal and provincial taxes. But if we live in US then we are US residents filing federal and state tax returns. Is this double residency possi...

Thank you for your helpful info.

Thank you for your answer. She would like to keep her OHIP health coverage (she is eligible for Medicare but is afraid it will be costly). Also, some things are simpler if you are a Can resident. For example, maintaining our home insurance. But considering your information we should think about movi...

We, a couple, are Canadian residents. Both are retired. We have a house. I am a Canada citizen. My spouse has double citizenship. I've got a green card and will be moving to US (so I will be a US resident for tax purposes). My spouse wants to be a Canadian resident for tax purposes. To maintain this...

I am moving to US from Canada leaving my house (currently my principal residence in Canada) as my vacation home. I am going to get a real estate FMP assessment of the property for any future transaction with the house. If I sell this house later on I have to report the capital gain or loss in Canada...

Actually I am not playing both sides. I plan to move to US from Canada next year and become a US tax resident. After this, I want to spend summer months in Canada (about 4-5 months per year). I am trying to understand how to file my future tax returns in this situation. Of course, for simplicity I w...

Currently there is automatic 10% tax withholding from my CPP payments. I am also planning to do some withdrawals from my RRSP account which will be subjected for automatic tax withholding. Can I just claim a FTC for this amounts on my 1040 without filing tax returns to Canada?

If I live 7 months in US as a GC holder and 5 months in Canada (I am a citizen), I am obviously a US tax resident and file taxes in US. Do I also need to file taxes in Canada. My only income in Canada is relatively small OAS and CPP. Thank you.

Thank you.