Form 8891 3520 and 8398 worries

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
rohitkn@gmail.com
Posts: 30
Joined: Sun Mar 30, 2014 1:09 pm

Form 8891 3520 and 8398 worries

Post by rohitkn@gmail.com »

Hi

I moved to the US in January 2012 and filed taxes in the US and Canada in 2013. I owed the difference in Canada and paid it.
My accountant did not help much beyond the 1040 I had to file in the US in 2013.

For this year he told me I would have to do FBAR and 8938. As I started reading about the form 8938 I realized that I had RRSPs in Canada and a TFSA.

The deadline for 3520-A has passed. I have no idea if my account is a trust. I even closed it and transferred it as a TFSA to another financial institution. For a mere $5k this is a massive headache.

My worry and fears also include filing FBAR for 2012, and perhaps even amending my tax return and backfiling 8891 and 3520/A.

How do you recommend I go about it? My financial institution did not file 3520-A. Should I contact them?
fifagamers
Posts: 3
Joined: Mon Mar 31, 2014 2:46 am

Post by fifagamers »

Will surely additional components of a fantasy user interface create towards the cost, choose the not real crucial (should you choose adequate rare metal), items. The outdoors associated with change is going to be highly effective?
Post Reply