I'm getting mixed information from the idiots at the IRS. After spending almost 5 months trying to renew my kids ITINs I need to start over from scratch. One agent told me to include the applications with my 2016 tax return (1040NR) but mail it to the ITIN department in Austin and they would process the W7's then forward my tax return to be processed. Another agent told me NOT to do this that it would cause problems.
Please, any advice at this point would be appreciated.
Renew ITIN with 1040NR
Moderator: Mark T Serbinski CA CPA
Personally, now that they have f'ed up your W-7s, I would file my 1040NR using the old ITINs, to the normal address.
I would separately send the new w-7s to Austin. Then, when they kick out your 1040NR for old ITINS, you will have started (again) the process with the ITIN office., and you can work from there.
I would NOT send the W-7s and 1040NR together,.
Remind me again: Why you need these ITINs? How has filing these dependents helped you in past years? Is it actually saving you tax money overall?
I would separately send the new w-7s to Austin. Then, when they kick out your 1040NR for old ITINS, you will have started (again) the process with the ITIN office., and you can work from there.
I would NOT send the W-7s and 1040NR together,.
Remind me again: Why you need these ITINs? How has filing these dependents helped you in past years? Is it actually saving you tax money overall?
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I thought I remember that you already contribute to 401(k). That should limit you on RRSP, no?
I am obviously aware of the fact that adding dependents lowers US tax -- and that working to lower US taxes can boost the 'value" of RRSP contributions. I've been writing about this for 15 years.
Aren't they already below the Cdn taxrate, even if you use the remainder of your RRSP contribution room? Does adding the kids lower them "too much"?
Do you use XXV(2)? Or does that method lower your taxes "too much" as well.
I am obviously aware of the fact that adding dependents lowers US tax -- and that working to lower US taxes can boost the 'value" of RRSP contributions. I've been writing about this for 15 years.
Aren't they already below the Cdn taxrate, even if you use the remainder of your RRSP contribution room? Does adding the kids lower them "too much"?
Do you use XXV(2)? Or does that method lower your taxes "too much" as well.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
We may have discussed this already, but even with the penalty your US tax on the 401(K0 will probably be lower than Cdn tax, since the 401(k) is connected income. And the penalty on 40(k) goes away if you work til 55.
Too bad you can't Roth, as a Cdn resident.
Anyhow, I see your need to get your dependents included. Besides, the more Cdn tax you do pay, the bigger your deduction on your XXV(2)
Too bad you can't Roth, as a Cdn resident.
Anyhow, I see your need to get your dependents included. Besides, the more Cdn tax you do pay, the bigger your deduction on your XXV(2)
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing