I moved back to Canada from the US in June 2007 after being on H1B. (No green card.)
If I file a regular full-year 1040 (instead of a dual status alien return) do I need to do anything special to notify the IRS that I'm no longer a US resident after 2007?
(I don't expect to have any US income in 2008.)
ending US residency
Moderator: Mark T Serbinski CA CPA
No. So long as you do not meet either the green card or substantial presence test for 2008, you do not need to file anything in 2008 for IRS (unless of course you have US income to report, in which case you would file 1040NR)
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Hello,
I am returning to Canada with a company who has a Canadian equivelant with it's own HR so that is the easy part. I can be converted so it coincides with the US/Canadian tax years so there is no overlap. I will also continue to pay my US mortgage and renting out a condo in the US. I would still like to claim the mortage interest on my taxes as well as the condo fees I'm paying for the renter. Would I have to file both Canadian and US taxes, and would I still get the tax deduction without earning any US income? There is no mortgage interest tax credit in the Canadian tax system, although I might still qualify for a condo fee tax credit as a landlord. As you can see, I'll need a serious tax accountant! Thanks.
I am returning to Canada with a company who has a Canadian equivelant with it's own HR so that is the easy part. I can be converted so it coincides with the US/Canadian tax years so there is no overlap. I will also continue to pay my US mortgage and renting out a condo in the US. I would still like to claim the mortage interest on my taxes as well as the condo fees I'm paying for the renter. Would I have to file both Canadian and US taxes, and would I still get the tax deduction without earning any US income? There is no mortgage interest tax credit in the Canadian tax system, although I might still qualify for a condo fee tax credit as a landlord. As you can see, I'll need a serious tax accountant! Thanks.