Serbinski Accounting Firms

So basically not using form 1040NR forces me into another form 8833?

Is this form mandatory if one decides (in my case) to just file a 1040 for the entire year?

This is a very good question ....and let me ask this from a different perspective,,, I relinquished (not renoucnced) my US citizenship on Dec 12th. So for this tax filing I would RATHER file only one 1040 as opposed to filing both the 1040 and 1040NR. BUT...if i file a 1040 for the entire year...esp...

Whether you filled out the 8891 correctly depends on whether or not you are electing to 'defer' or not.

I understand that the due date for FBAR is June 30th (no extensions)...but can one end there completed FBAR in early...like now?

Is there a requirement to send in a copy of your CRA tax assessment with your yearly 1040?

I have in the past (at the suggestion of Accountants) but, since this is my last tax filing in the United States (as I have relinquished my citizenshp), I am anxious to get this filing out of the way.

Starting in 2014, all Americans who file income tax returns must complete an additional IRS tax form. The new form requires disclosure of a taxpayer’s personal identifying health information in order to determine compliance with the Affordable Care Act’s individual mandate. As confirmed by IRS testimony to the tax-writing House Committee on Ways and Means, “taxpayers will file their tax returns reporting their health insurance coverage, and/or making a paymentâ€￾.
You may download a PDF file of the form and instructions here or view it below.
Highlights from the Obamacare Individual Mandate Tax Compliance Form:

1. Determination of “qualifyingâ€￾ health insurance. Under the Affordable Care Act, most Americans must purchase health insurance deemed “qualifiedâ€￾ by the Department of Health and Human Services (HHS) starting in 2014. Failure to comply with this mandate results in a tax penalty which must be paid to the IRS. The tax penalty ranges from $695 to $2085, or more, depending on the size of a family. The dollar amount grows over time and is tabulated on the form. Taxpayers must demonstrate that they obtained qualifying health insurance for each month of the year in order to avoid payment of this tax penalty.

Yes...i see that now...Thank you Testone.

I am not sure why I keep missing these little items....I find the IRS instruction format either confusing or my brain is not wired tp accept this information in there format.

I think obamacare tax applies only if you make 200k plus a year....not sure though.

The 8854 form instructions specify: File your initial Form 8854 as soon as possible after the date you relinquish U.S. citizenship or terminate your long-term residence. You remain subject to tax as a U.S. citizen or resident until you both file your initial Form 8854 and notify the appropriate auth...

Just to be the devils advocate. Your accountant should not be doing your US taxes unless they have an EIN or a PTIN #. Also...as you pointed out, the FBAR is a simple form (its complexity lies in the tabulation)...but the 8891 is a super simple form, assuming you are deferring. I would make sure as ...

I would take Nelsona's advice and just file correct amount of 8891's going forward. Now that there is some mis-trust with your accountant..you might want to check on your FBARs and make sure they are tabulated correctly. I do my own for that very reason. With the FBAR you can always send in a revisi...

TooMuchCoffee, My understanding is that you have more than one RRSP? or do you have one RRSP with a mixed portfolio? If you have more than one RRSP with separate account numbers, then you must fill out a separate 8891 form for each RRSP. If you have one RRSP with a portforlio containing different mu...

I have relinquished my US Citizenship and will be filing a 1040 and 1040NR for year 2012.

In the past, 1040 was not due until June 15th as I live abroad. Does this same deadline apply to the 1040NR?

Thanks Phil!

I relinquished my US citizenship on December 12th 2012.

My question is regarding the "tax year beginning and ending dates" on page 1 on the filers information on form 8938.

Do I just file 8938 from Jan 01 2012 to Dec 31st 2012, or do I have to file only to Dec 12th 2012?