Serbinski Accounting Firms

Thanks Nelsona as always for your quick reply. So, here is the story behind my question. I have been honestly (stupidly) reporting it and gladly deducting the whole amount for the past 5 years. Every time, I will get a processing review and I send my December paystub and they accept it. But, this ye...

Hi, I live in Canada and work for a US public university. My retirement contribution amount is not reported anywhere on my W-2 form (as it is a mandatory contribution in lieu of Social security). Should I still add that amount (from my December paystub) with my W2-Box-1 for calculating the total amo...

thanks Nelsona. Too bad, i was fooled by that robo-user. Now i see that it just took a line from your reply.

Thanks MKMILLER for your reply. Yes, I agree Cap Gains are not taxable for my case just like Bank Interests. I was just not comfortable not reporting these incomes at all, as I thought IRS could come back and tell me that I intentionally hid them. It will be nice if they redesign the forms to accomm...

I will send them my 1099-INT and tell them they are my bank interests. I wrote with my pen on my form that they are US bank interest, probably they ignored it. Also, I had only a small capital gain distribution last year but will have big capital gain next year that I will not report. I will update ...

thanks Nelsona. I will simply not disclose my bank interests and capital gains next year for sure. Any ideas, what made them to include my bank interest in my taxable income? I will attach my 1099-INT and I can tell them they are not effectively-connected income to my employment. But do you have any...

For 2012, I was a full-year Canadian resident and US non-resident (based on SPT). I worked full-time for a US employer remotely from Canada. As per the instructions of 1040NR, I wrote my bank interests on lines Schedule-NED-line 2c (0%), and Schedule-OI-Line-L1-TaxTreaty-(Article-XI) and on Page-1-Line-22.

Today, I got a notice-CP11 from IRS stating that I should include my bank interest to my Taxable Income because of the following. “We can’t allow your tax treaty exemption. Your claim is not a valid treaty claim. We changed your return accordinglyâ€￾

Any ideas/suggestions? I can get refund from CRA for the above taxed amount, but I want to make sure if the IRS got it right?

wonderful, thanks a lot nelsona as always for your quick and valuable response. :)

Hi,
I am a Canadian resident and US non-resident with salary, bank interest, and dividend income from US. I am trying to figure out where to report a small amount , $5 of capital gain distributions on my 1040NR? I don't see a field on Schedule NEC (page-4) for that. Any ideas? Thanks!

thx for your reply primo, appreciate for relating with my case. I am feeling much better now. :)

thx Nelsona, as always for your quick response. Unlike last year, I filed my taxes online and didn’t have to attach any documents, so now I will send them. Yes, I still live in Calgary, working full-time remotely for a US university. I am a permanent resident of Canada but do have an H1b petition ...

hello everyone, today i got a letter in the mail from CRA stating that they are doing a Processing Review on my Canadian return. They wanted to see many documents including my US 1040NR, etc. so that they can verify the following 2 amounts. 1. Foreign Taxes paid 2. Registered pension plan deduction....

Thanks again nelsona. Couple more questions. So such non-deductible trad IRAs are not reportable & non-taxable to CRA? Also can I open one on my spouse’s name as well who doesn’t have any US income and a NRA like me?

ok, i found this one...... "If the nonresident alien individual uses Form 1040NR to report his income, then such nontaxable interest income shall not be reported anywhere on Form 1040NR except in response to question L on page 5 of Form 1040NR." http://www.irs.gov/businesses/small/internat...

yes you are right nelsona. I don't qualify for Traditional IRA or even Roth IRA. As a Non-Resident, with income more than $10k, filing separately, lived with the spouse, i don't qualify for Roth either. Only option now is non-deductible IRA, so i am looking at form 8606 right now, i don't understand...