Serbinski Accounting Firms

Probably not, your a non-citizen living outside US... I don't sell bonds, the treasury doies, ask them.

Her departure date would be dec 27.

There is no need for the departure date and arrival date to coincide.

You do not have to transfer to an IRA before withdrawing. So you will report the entire ammount on a 1040NR and on your Cdn return, plus pay a 10% tax in US. However, the 10% penalty in US extra penalaty that you will not be able to claim in Canada, so you are best to hold off on taking the US money...

The TN letter you present at the bordr should say that the US firm is hiring you, plain and simple. The issue of how you are paid is not germane to getting your TN. Having a US firm pay your corporation does not imply that you are self-sponsoring your TN (whicch is not allowed). The issue would be i...

Cdn Taxes: You do not (yet) have to file a Cdn tax return, bacuse you have not started to live in Canada. Since you still live and work in US, treaty allows you to be deemed non-resident. This is only because you were never previously in living in Canada, and are a US citizen. (A Cdn living in Canad...

2. Wife has to file an 'exit return for canada, following the guide for her last province and the "Emigrants" guide for CRA. 1. You can both file jointly, by requesting an ITIN, submitting a W-7 with your joint return. 3. Both . All her Cdn income goes on the 1040 federal return, and she c...

Well, you live in US now, so your mortgage interest is already deductible. You are asking what salary in US would give you the same take home as you have now. I'm saying that the extra tax you are now paying, if any, will be used up by SS and Medicare, which you are not paying now. So an equal payin...

So your situation is simplest one, as I outlined above. Yes she can deduct any tuition interst she is paying. She does not need a specific form from the lender. There are very few dedcutions that the IRS insists on being sourced in US, interst payments, mortgage and property taxes are not among them...

They still have to meet that PPT, as a U.S citizen would. I don't believe so, since a US citizen with a bona fide tax residence does NOT have to meet PPT. He only has to meet one or the other. the one twist in that other persons situation was that they personally did not meet the bone fide FULL TAX...

if you use the foreign earned income exemption, which applies to your wages, then you can't use foreign tax credit on those wages. You would still use foreign tax credit method for any other income you had, and for any wages over your 2555 exemption limit. I do not believe in using the EZ version of...

In other words: if you earn $60K of Cdn wages and make $10K RRSP contribution, should you report $60K of wages on 1040, but only exclude $50k on 2555? That is an interesting question, in that by reporting that income, then you are avoiding the issue that this RRSP income was never reported, and thus...

That's too bad. I thought based on the discussions with CRA in 2003 that they were going to stop that. I know some have gotten credit for it. But this may have been strictly in the context of the IRA to RRSP transfer mechanism. Perhaps that for straight IRA withdrawals, CRA does not accept the penal...

You do not need, nor will you get a 1098e from the Cdn lender.

However, you should not ESTIMATE the interest you paid; you can accurately calculate it from your statements, and then convert it to $US.

You have your US.Cdn and MI tax packages. Seems to me you could easily do the math, no? The tax rate (including SS and medicare) is about the same in MI and Ontario (including EI and CPP), so I wouldn't think there would be much of a gap. $60K in MI would yield about the same as US$60K job in Canada...

You can file full year by applying the GERMAN treaty to the Canadian treaty, and then using 2555, or simply by using foreign tax credits.

The 183 day test (SPT) is not required for this.