Search found 137 matches
- Sat Aug 14, 2010 9:48 am
- Forum: Canada / United States Tax & Accounting
- Topic: 401k question with an example
- Replies: 5
- Views: 5436
Likely the best thing to do is to leave the 401(k) intact, or roll it to an IRA, and keep it until your normal retirement age. This prevents the imposition of the 10% early withdrawal penalty, and results in a diversified retirement portfolio. If you move back to Canada, and live in Canada during re...
- Thu Aug 12, 2010 6:49 am
- Forum: Canada / United States Tax & Accounting
- Topic: returning to Canada and then leaving again maybe
- Replies: 28
- Views: 19330
The currency issue is completely separate from tax, but could be important as well. If you move back to Canada, it is not necessary for you to move all of your invesments back. In fact, you should consider the long term trends in the currency in which you are invested vs. the Canadian dollar, and th...
- Tue Aug 10, 2010 5:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: 529 plan vs Coverdell education saving account
- Replies: 1
- Views: 3476
First of all, you can roll amounts from a Coverdell plan to a 529 plan without tax effect. Eligible educational institutions at which a designated beneficiary may incur qualified higher education expenses include any college, university, vocational school, or other post-secondary educational institu...
- Tue Mar 23, 2010 11:41 am
- Forum: Canada / United States Tax & Accounting
- Topic: $0.00 dollar taxes owing on T1 (scam) help!
- Replies: 4
- Views: 4491
- Mon Mar 15, 2010 5:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Moving RRSP to US
- Replies: 3
- Views: 3855
- Sun Jan 31, 2010 10:08 am
- Forum: Canada / United States Tax & Accounting
- Topic: Moving expenses- W2 Box 12 code P
- Replies: 1
- Views: 2901
Your W2 income has already been adjusted for the deductible portion of your moving expenses, and you likely have had a tax grossup, and the income included for non deductible expenses. Therefore, just pick up the W2 income amount on your return. For Canada, international moving expenses are not dedu...
- Mon Apr 20, 2009 12:54 am
- Forum: Canada / United States Tax & Accounting
- Topic: US-Can Tax Treaty: Government Services
- Replies: 17
- Views: 20194
Note: The IRS code contains provisions which will exempt you from penalties if you rely on incorrect information provided by an IRS agent. Keep the exchange you had with IRS in the event of any future trouble, since it is clearly flawed, and can later be used to avoid penalties which may be imposed.
- Fri Jun 20, 2008 5:55 am
- Forum: Canada / United States Tax & Accounting
- Topic: Tax Freedom Day in Canada Finally Arrives! :CRA SOTW
- Replies: 1
- Views: 2869
- Thu Nov 08, 2007 11:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Should I submit late T2062
- Replies: 11
- Views: 10443
- Thu Nov 08, 2007 11:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 2006 Dual Returns?
- Replies: 7
- Views: 6420
- Fri Sep 07, 2007 10:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 401k to IRA rollover while Canadian resident
- Replies: 6
- Views: 6627
- Fri Sep 07, 2007 10:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Terminating IRS Taxation
- Replies: 5
- Views: 5568
- Sun Sep 02, 2007 12:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: us tax canadian tax
- Replies: 12
- Views: 10790
- Sat Sep 01, 2007 10:51 am
- Forum: Canada / United States Tax & Accounting
- Topic: Form W-9 for Canadian resident
- Replies: 7
- Views: 7942
- Sat Sep 01, 2007 10:48 am
- Forum: Canada / United States Tax & Accounting
- Topic: us tax canadian tax
- Replies: 12
- Views: 10790