Serbinski Accounting Firms

You have two options here, you can file a 1040X for 2009 and correct your mistakes.....or you can do nothing. Your return obviously did not flag the IRS computers so your return must be safely tucked away in bed right now....and has been for the last 5 years..why wake it up? I surely would not for 3...

You would complete Part 1 of course, listing all of your bank accounts if you meet the reporting threshold from my previous post. If you have many bank accounts, you will have to include a continuation sheet...which is basically has you copy of Part 1/2 as necessary and write "continuation shee...

I would say FBAR for sure, and possibly form 8938...you most likely have other accounts besides the RRSP that may push you over the limit for reporting 8938. Directly form the IRS webste; If you are a taxpayer living abroad you must file for 8938 if: You are filing a return other than a joint return...

Good news Quebecer.

When I started this process a couple of years ago, there was a lot of fear and it was mostly fuelled by Accountant firms.

I don't think the IRS is the bear everyone makes them out to be.

Called IRS for some related tax questions. Just FYI they now require a copy of your Certificate of Loss Natonality attahed to the 8854 when sending in your tax return. When asked about thoseindividuals who did not send, or did not have the CLN at the time of filing, the IRS may...and she repeated MA...

That sounds about right...i sent one in for my initial back filing of the FBAR, and I also included one for my backfiled 1040's. In brief, my Accountant outlined my situation, having never lived in the United States and unaware of my filing obligation until recently. He confirmed to the IRS that I d...

I don't think graubert said to "put'em" but rather that the IRS doesn't distinguish between a blank entry and zero. In other words they don't really care either way.

Not a big starbucks fan...

The fact that your RRSP has not generated any income, or contains one or mulitple mutual funds is a mute point, the fact that you have an RRSP is the issue and one must file an 8891 every year to identify the account and to either elect deferral of income or identify the distributions. Having said t...

Thanks for the reply graubart...its nice to have clarity on some of these finer points.

Nelsona

Not sure how to interpret your response, can you be more specific?

Thanks Nelsona, Yes..they actually did write 'dual status return' at the top of both forms, so basically what you are saying is that the tax dates can run the entire year on both forms...or be tabulated as such? One other question that was responded to this morning by the Accountant in question is t...

My previous post regarding the Schedule B has been rectified. I received a reply from the Firm and they do agree (finally) that I am correct that it has to be included. Next.... my draft copy of 1040/1040NR has the tax dates(on both forms) of Jan01 to Dec 31 2012. I was under the impression that (fo...

Ok...have come full circle on the schedule B problem. You must complete this part if you (a) had over $1,500 of taxable interest or ordinary dividends; (b) had a foreign account; or (c) received a distribution from, or were a grantor of, or a transferor to, a foreign trust. I have satisfied (b) ther...

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I should have pointed out that my interest income was below 1500 dollars....does this mean schedule B is not required?

Also....for my 1040NR, the tabulated form has all the fields as empty....will the IRS computer not reject a form unless it has a value in it...any value even "0"?