Search found 53 matches
- Wed Apr 14, 2010 3:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Can the order of returns with FTC be switched around?
- Replies: 13
- Views: 5618
- Tue Apr 13, 2010 3:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Can the order of returns with FTC be switched around?
- Replies: 13
- Views: 5618
- Tue Apr 13, 2010 1:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Can the order of returns with FTC be switched around?
- Replies: 13
- Views: 5618
- Tue Apr 13, 2010 12:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Can the order of returns with FTC be switched around?
- Replies: 13
- Views: 5618
Well, it looks like you've decided to stop responding to my question just as I tried to provide an example that MIGHT show a case where the order of filing does matter. I'm sure it wasn't your intent to do so - but your silence at this time has now left me even more confused than before. Did you not...
- Sat Apr 10, 2010 9:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: Can the order of returns with FTC be switched around?
- Replies: 13
- Views: 5618
Yeah, you may be right. You undoubtedly have more experience in this area than I do. Anyway, here's an example of a situation. These are hypothetical made-up numbers, but they give an example that you can hopefully comment upon. For simplicity, let's just assume an even 1:1 exchange rate. Let's say ...
- Fri Apr 09, 2010 10:00 am
- Forum: Canada / United States Tax & Accounting
- Topic: Can the order of returns with FTC be switched around?
- Replies: 13
- Views: 5618
Thanks again for the reply. Just to simplify the response, I'll break your comments into 4 lines. 1 - Interesting point. I didn't realize that Canada always the calculation done BEFORE taking FTC into account, even if a tax amount was available to use AFTER taking FTC into account. Thanks. 2 - I don...
- Thu Apr 08, 2010 2:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Can the order of returns with FTC be switched around?
- Replies: 13
- Views: 5618
- Wed Apr 07, 2010 12:47 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Can the order of returns with FTC be switched around?
- Replies: 13
- Views: 5618
Can the order of returns with FTC be switched around?
My wife and I are both US citizens living in Canada, and between us we have both US and Cdn sourced income. I have both US and Cdn returns completed without FTCs, so I'm at the finishing stages. I have a question about the order of preparing returns with respect to foreign tax credits. In previous t...