Search found 54 matches
- Tue Aug 06, 2019 10:36 am
- Forum: Canada / United States Tax & Accounting
- Topic: Section 1446 Partnership income ECI witholding in RRSP
- Replies: 6
- Views: 3689
Re: Section 1446 Partnership income ECI witholding in RRSP
As an update. The form 8805 was never sent. Nonetheless I included it as a credit on line 74 and included an explanatory statement. IRS sent CP11, but international allowed the credit after I discussed it with them by phone.
- Sun Mar 17, 2019 2:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Pro Forma 1040 for XXV(4) calculation for US Return 2018
- Replies: 15
- Views: 11864
Re: Pro Forma 1040 for XXV(4) calculation for US Return 2018
You may not deduct a property tax on your home in Canada on any schedule.
Your Ontario health premium is not a medical expense.
Your Ontario health premium is not a medical expense.
- Sun Mar 17, 2019 1:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Pro Forma 1040 for XXV(4) calculation for US Return 2018
- Replies: 15
- Views: 11864
Re: Pro Forma 1040 for XXV(4) calculation for US Return 2018
You can no longer deduct foreign taxes you paid on real estate.
- Thu Jan 31, 2019 1:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Annual FX rates
- Replies: 3
- Views: 2229
Annual FX rates
2018 Annual FX rates are posted. https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates Something has changed in the IRS calculation. Compare the updated IRS table with historical rates from e.g. https://www.ofx.com/en-us/forex-news/historical-exchange-rates/ ...
- Tue Jan 01, 2019 1:31 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian working in US, need file both US and Canada income tax return
- Replies: 49
- Views: 17219
Re: Canadian working in US, need file both US and Canada income tax return
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site:forums.serbinski.com
After your search terms at google.
- Sun Dec 30, 2018 9:22 am
- Forum: Canada / United States Tax & Accounting
- Topic: health care insurance
- Replies: 7
- Views: 6490
Re: health care insurance
"We deeply analyzed this (and the same for CCP and OAS) on Keats, before that forum was closed." Nelson, Could you provide a little more color to this statement. Is the CPP retirement benefit actuarially similar, regardless when one claims the benefit? It is my understanding that this is t...
- Sun Dec 16, 2018 4:24 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax on RRSP contribution
- Replies: 13
- Views: 5326
Re: Tax on RRSP contribution
It was my understanding that an an RRSP contribution is never deductible from US income taxes if the RRSP is an individual plan. XVIII (15) Is this wrong?
- Tue Oct 09, 2018 6:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: CPP and SS optimization
- Replies: 11
- Views: 5004
Re: CPP and SS optimization
I recommend you download the SS program, anypia. https://www.ssa.gov/OACT/anypia/description.html https://www.ssa.gov/OACT/anypia/download.html It allows you to calculate a primary insurance amount (PIA) based upon actual earnings and also permits calculation of a totalization benefit, a handy tool....
- Mon Aug 06, 2018 4:10 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Medical expense credit
- Replies: 2
- Views: 2168
Medical expense credit
I am a US Resident, working in Canada. My spouse pays US health insurance premiums for me. Are health insurance premiums paid in the United States Eligible as a medical expense in Canada (line 330)? I think yes based upon the income tax folio S1-F1-C1, 1.133, 1.12, . Canada Revenue told me otherwise...
- Sun Apr 08, 2018 10:00 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian fellowship for US work. Help Please.
- Replies: 6
- Views: 5299
- Thu Feb 01, 2018 7:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Section 1446 Partnership income ECI witholding in RRSP
- Replies: 6
- Views: 3689
- Fri Jan 26, 2018 12:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Section 1446 Partnership income ECI witholding in RRSP
- Replies: 6
- Views: 3689
- Tue Jan 23, 2018 11:42 am
- Forum: Canada / United States Tax & Accounting
- Topic: Section 1446 Partnership income ECI witholding in RRSP
- Replies: 6
- Views: 3689
Section 1446 Partnership income ECI witholding in RRSP
Is 1446 ECI withholding at max rate appropriate in the RRSP of a US citizen? It would seem to me that since the grantor/beneficiary is a US person, then the supplied W-9 would obviate the 39.6% withholding.
Is there a way to claim this withholding as a payment or to recover the withholding?
Is there a way to claim this withholding as a payment or to recover the withholding?
- Sat Dec 16, 2017 4:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Liquidating RRSP in 2018
- Replies: 17
- Views: 10015
- Sat Dec 16, 2017 3:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Liquidating RRSP in 2018
- Replies: 17
- Views: 10015