Late filing for TD F 90-22.1

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
hbaeuerle
Posts: 1
Joined: Tue Jul 05, 2005 2:07 pm

Late filing for TD F 90-22.1

Post by hbaeuerle »

Hello,
I've been in the USA for 2 years as a Green Card holder and never heard, until last weekend about form TD F90-22.1 - I have a brokerage account and a checking account in Canada - for which I declared all my interest and dividends on my 1040 - and now am wondering if I will be fined for not filing these forms. I donwloaded the form and can file for 2005 but what should I do for 2004 - ask for forgiveness?

regards,

Holger Baeuerle

HB
Top
Mark T Serbinski CA CPA
Site Admin
Posts: 611
Joined: Tue Oct 26, 2004 8:05 pm
Contact:
Contact Mark T Serbinski CA CPA

Post by Mark T Serbinski CA CPA »

Under the voluntary compliance rules, you will not be fined if you come forward and file the forms with all of the required information (assuming that you have not to date been asked by IRS to do so.)



Mark
Top
Post Reply

Return to “Canada / United States Tax & Accounting”