Serbinski Accounting Firms

the penalty for not filing 8833 is only for a very limited types of elections, which this isn't one of them.

Sorry, not going to read this. Hope you can figure it out. Next year start thinking about this in December

So report those "incomes". Or ask the trustee for better documentation.

Pension income from US, since it was not periodic, is NOT limited to the 15%, so the Cdn form should not be limiting your US tax,

CPP/OAS/SS are simply excluded from reporting on your 1040. So there is no need for any 1116 for these items, since there is no US tax to recover.

1. It should have been included on your 2021 1040 (if you chose to file a 1040 that year), or definitely on 2022 return.
2. As the Rev Proc points out, the treaty article is XIII(7).

Your 25% tax (or 15%) from RRIF will never be lower if you move back to Canada, no matter how slowly you withdraw the funds, unless that is your only source of low income, which, by judging from your current income, is very unlikely. Converting to a RRIF gives you the lowest Cdn tax, and will likely...

No, it is simply a software glitch.

Just like any non-sheltered account, you need to report the income events (interest and dividends) as well as any cap gains or loss events which occur during the year. It is not sufficient to look at the value from year to year. You could have a loss in value but still incur taxable interest dividen...

Not every return can be efiled.

You could create a 1042-S slip but I beleive this requires a code of the slip.

Mail it in.

It seems like only the software has changed. Your T4 and W2 are correct, and very helpful to you. If you need to just subtract the W2 income from the T4 income and put that on the wage line, and the W2 income on the other wage line, if that satisfies the software.

An inherited 401(k) would enjoy the same 10-year withdrawal period, so this should not be a consideration in choosing to switch from 401(k0 to IRA.

Correct. 2 returns. report only the withholding associated with each type of income on the respective returns.

The Joint ownership you describe is not considered a trust in US.

No. You would need to report it on FBAR, but it is not a trust by US standards.