1040
Moderator: Mark T Serbinski CA CPA
1040
My children, now adults, living in Canada have both US and Canadian citizenships. They do file with cra, and I know the irs requires filing but they are students and earn under the standard deduction set by the irs. Do they need to file a 1040 with low income threshold? The typical American living in the USA won’t have to, unless there is a financial benefit of getting money back, but what about this situation. Can’t find an answer on this
Re: 1040
There is no real difference for them living in Canada. Just be sure that they aren't missing any reporting requirements like FBAR.
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