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?
Form 8891 3520 and 8398 worries
Moderator: Mark T Serbinski CA CPA
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