I moved to the US last year for work so I had income in both countries. My tax situation in Canada is simple: I have no RRSP, I sold all of my investments (some capital gains here, I held ETFs), liquidated TFSA before leaving, and had little income. Then I moved to the US for work, bought some ETFs, invested in a 401k, and that's that.
I've been quoted 1.5-2.5K USD to have both taxes done with FBAR filing (I left > 10K in Canada).
I have a few questions:
- Given my situation, would it be worth going ahead and filing myself?
- Is there software on the Canadian side that handles a departure return?
- Is there software on the US side that handles part year dual status alien returns?
- How do I verify an accountant's credentials? Is there anything I should be looking for?
- Given my situation, what should getting both returns done cost me?
Thanks!
Filing US + CA Departure returns - worth paying > 1.5K?
Moderator: Mark T Serbinski CA CPA
Re: Filing US + CA Departure returns - worth paying > 1.5K?
I wouldn’t in your situation
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
Re: Filing US + CA Departure returns - worth paying > 1.5K?
I moved from Canada to the US in 97 and did my own tax reports in Canada and US! I made a bunch of mistakes and had Serbinski's firm refile 2 years of tax for me. For the first year I would recommend the use of experts.