reasonable price for accounting dual citizen

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tdiddy
Posts: 10
Joined: Thu Oct 17, 2013 12:16 am

reasonable price for accounting dual citizen

Post by tdiddy » Tue Jun 24, 2014 10:53 am

Hello

My partner and I have been on the fence regarding her renouncing for sometime. We discussed things with a tax lawyer who assured us with the right plan we won't have to pay any additional taxes (although i'm not clear how we will eventually avoid obamacare tax short of my partner avoiding all RRSP benefits)

We were doing it personally until a few years ago after completing medical training. Got an accountant in Montreal to do it for a very reasonable amount last few years. Now moved west and I'm getting quotes around $2K year just for IRS filing. Is this reasonable?? We will only pay around $500 for Canadian filing. As she is just starting her career this is enough to tip us over the edge towards renouncing, preferably in the next few months before we would have to pay an exit tax


Thanks for the help

nelsona
Posts: 16185
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona » Tue Jun 24, 2014 10:55 am

Why not use the person from Montreal. There is no need for face-to-face on this.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

tdiddy
Posts: 10
Joined: Thu Oct 17, 2013 12:16 am

Post by tdiddy » Tue Jun 24, 2014 11:06 am

yeah that is an option for sure I guess. he has made a couple or errors that do not instill a lot of confidence so we were leaning towards moving to someone else (before getting these quotes), although is a partner and CA in a reputable firm there so perhaps we are reading into them too much

just not sure why the market for these services is so different from one side of the country to the other

nelsona
Posts: 16185
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona » Tue Jun 24, 2014 11:28 am

Proabably because there are a LOT fewer US citizens in quebec than out west.
Frankly, I found it distasteful how the big firms gouged (yes) US citizens over the past few years.

Hopefully your montrealer learned from his mistakes. The more expensive ones make are error-prone too.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

stewak2
Posts: 104
Joined: Mon Sep 18, 2006 2:47 pm

Post by stewak2 » Tue Jun 24, 2014 4:07 pm

For what it's worth I pay about $2k, that includes Canadian, US returns and FBAR filings. Toronto accountant.
It's deductible in Canada as well.

tdiddy
Posts: 10
Joined: Thu Oct 17, 2013 12:16 am

Post by tdiddy » Tue Jun 24, 2014 6:56 pm

stewak2 thanks for the info, yes I know its deductible. But every little thing puts us a bit closer towards renouncing.

But in the interimI have taken nelsona's advice and recontacted our Montreal guy

Phil Hogan, CA
Posts: 27
Joined: Fri Jan 08, 2010 12:11 pm
Location: Victoria BC
Contact:

Post by Phil Hogan, CA » Wed Jul 02, 2014 11:45 pm

Not sure that I can complete the returns for (Canadian and US), but if they are relatively simple I should be able to get everything done for less than $2,000.

I'm in Victoria, and at the very least I could point you in the right direction.

Please give me a call and I'll see if I can help.

Cheers

Phil
Phil Hogan, CA, CPA (Colorado)
Canadian and US Income Tax
http://www.hutcheson.ca/about-us/philip-hogan/
http://xborderpros.com
250-661-9417
Victoria BC

JGCA
Posts: 751
Joined: Thu Nov 18, 2010 3:05 pm
Location: Montreal, QC Canada

Post by JGCA » Thu Jul 17, 2014 10:54 pm

$500 for a simple US filing in Montreal is workable, I do it for that myself and I am in Montreal so its not a problem at all. In Montreal like anywhere else you need to find the right person who can take care of you at a reasonable price.
JG

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