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
- Posts: 2
- Joined: Sat Mar 13, 2021 8:37 pm
We get CP-15 penalty under sec 6677 for tax year 2018, no idea what's the the cause.
It's for RESP account.
We're Canadian citizen, US GC holder.
What's the efficient way to apply penalty relief?
- Posts: 238
- Joined: Tue Aug 30, 2011 12:15 am
There's lots of info on here about that, but if Rev. Proc. 2020-17 applies (which it may, if this is an RESP) then the penalty should be abated?
Not a professional opinion.