Serbinski Accounting Firms

ok, I thought paying my 2012 taxes ended my relationship with the US. Now, they are saying I have to keep filing for as long as I am getting alimony from the us...I am paying my taxes to CRA...So, I know I don't owe the irs any money,(I pay more in taxes in Can than I did in the US) but there are so...

OMG, do it, say you didn't know about it, they can fine you.....they just want to know that the money isn't being touched...

I am no longer living in the usa, and I am filing taxes in Canada...I am a Canadian citizen. I have my rsp in the usa in a traditional ira. Do I need to file anything yearly with the irs showing I am not touching that money? Do I need to tell Canada I have that ira and I am not touching it? So much ...

I left the us in 2012, and just paid out my taxes and penalties to the irs....I was wondering, if any portion of that is claimable, or is there a line on my cdn return where I can enter that...assuming this is beneficial for me. TIA

Can you tell me, I am a Canadian, who got divorced in the US, now living in Canada again....is my divorce decree valid in Canada?

thank you.

As a Canadian resident, receiving alimony payments from the USA...do I have to claim all payments rec'd, or just the amount that I actually bring over to Canada.? Right now, my payments go to my us bank account, and I withdraw as needed. And if so, what method of conversion do I use, when the bank r...

Thanks so much for the clarification...just wanted to make sure I wasn't reading, what I wanted to into it...lol

Alimony. Alimony and similar amounts (including child support payments) from Canadian sources paid to U.S. residents are exempt from Canadian tax. For purposes of U.S. tax, these amounts are excluded from income to the same extent they would be excluded from income in Canada if the recipient was a C...

I am a Canadian citizen/resident. I was living in the US, and got divorced there. I am now back in Canada, receiving alimony from my X, who is in the US. I've been told different things...so, do I have to claim it in Canada as income, or am I exempt under the treaty? Thank you.

Assuming my income stays in the lowest tax bracket in Canada 20%, I can see the arguement for leaving my ira as is, and NOT rolling it to a Roth. Even though I will have to pay the US 15%, the foreign tax credit will get some of that back. Whereas, if I do the rollover on 200,000,00 I would loose so...

OK, took awhile, but you had asked why they wanted me to keep the IRA, I finally got my answer. Because, if nothing changes, I will have a low income, and they said with paying the 15% to the US, and claiming the foreign tax credit it would be better than having rolled it into a Roth. Assuming I pay...

Yes, an ira account.

Sorry, I am making this very confusing I know.
I actually have just had it moved from the 401k and it is sitting in an account waiting to be dealt with, this week now that the holidays are over.
Would how I am taxed be different if I remove some now, before I roll over the rest?

My income for this year will be 15,000.00, and I file HOH. I am going to need to make a withdrawal on my Roth before I leave, I would like to end up with about 30,000.00. If I take 50,000.00 out, I pay 30% to the irs, am I still in a low enough income bracket in the USA to do this? I am asking becau...