US Citizen / Canadian Resident
If I made 100k in CAnada for 2006 tax year and am a US Citizen, what forms do I have to file for the US? Is it better to take a credit or apply for a foreign tax deduction? Also, am I supposed to have my T1 attached to the US 1040?
Thanks
david ingram replies
If you have children, file form 1116 because that leaves you eleigible for up to $1,000 child tax benefit per child from the US even if you have no US income.
If no children, form 2555 is easier.
If filing form 1116, attach a copy of the Canadian T1 to the 1040.
goto www.centa.com and read the Oct 1995 newsletter in the top left hand box and the "US/Canada Tax" section in the second box down on the right hand side.
Thanks
david ingram replies
If you have children, file form 1116 because that leaves you eleigible for up to $1,000 child tax benefit per child from the US even if you have no US income.
If no children, form 2555 is easier.
If filing form 1116, attach a copy of the Canadian T1 to the 1040.
goto www.centa.com and read the Oct 1995 newsletter in the top left hand box and the "US/Canada Tax" section in the second box down on the right hand side.
What's Related