Search found 110 matches

by Taxpoor
Wed Oct 24, 2012 8:12 pm
Forum: Canada / United States Tax & Accounting
Topic: Green card holder responsibilities relating to tax
Replies: 4
Views: 2786

Green card holder responsibilities relating to tax

I am posting this question for a friend who is a Canadian citizen and aquired a green card in the 90's which has expired as of 2003. He has never exercised the priviledges of this green card, and has never resided or worked in the United States. His question is...what to do now? Can he just file an ...
by Taxpoor
Thu Oct 11, 2012 7:23 pm
Forum: Canada / United States Tax & Accounting
Topic: definition of foreign entity for 8938 reporting
Replies: 7
Views: 5321

Thank you Ikeadea!

sorry to go overboard on this...but will sleep better tonight knowing i have an accurate forms to mail tomorrow!
by Taxpoor
Thu Oct 11, 2012 6:55 pm
Forum: Canada / United States Tax & Accounting
Topic: definition of foreign entity for 8938 reporting
Replies: 7
Views: 5321

Again thanks Ikeadia and Marh7 for you help... For Ikeadia...just to clarify for my own well being..... If I own my house either outright...or i own my house but have a mortage on said house i DO NOt need to report it on 8938....correct? If the answer is YES to my above comment...then i think i am b...
by Taxpoor
Thu Oct 11, 2012 3:32 pm
Forum: Canada / United States Tax & Accounting
Topic: definition of foreign entity for 8938 reporting
Replies: 7
Views: 5321

Thak you for the reply ikeadea. Your short answer in 'no' so from that I will assume that if someone owns a house and it is there principle residence, whether it is mortgaged or not, does not have to be written down on the 8938 form. i will take that advice and not include my home on the form 8938.....
by Taxpoor
Thu Oct 11, 2012 9:40 am
Forum: Canada / United States Tax & Accounting
Topic: definition of foreign entity for 8938 reporting
Replies: 7
Views: 5321

definition of foreign entity for 8938 reporting

Hello all.. First time posting on this forum and have some questions regarding the new FATCA form. About me: I am Canadian/US citizen residing in Canada. I work for a Canadian company I have requested and been given an extension to file my 2011 by OCT 15 (no tax payable to united states) My financia...