1040

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brianbbc
Posts: 113
Joined: Fri Apr 25, 2014 9:17 pm

1040

Post by brianbbc »

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
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nelsona
Posts: 18664
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: 1040

Post by nelsona »

There is no real difference for them living in Canada. Just be sure that they aren't missing any reporting requirements like FBAR.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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