Filing US returns to sponsor a Spouse
My_question_is: US-specific question: Moved to Canada from the US with my Canadian wife and obtained Canadian Citizenship 10 years ago. I've filed all my 1040's (sometimes a year or two late, sorry) but I'm current. I've just now heard of Forms 8891 and TDF90.22.1 How do I go about getting up to date with these documents when I've never filled them before? -----------------------------------------------------------------
david ingram replies:
At the moment, you are liable for several $10,000 fines.
You should be bringing these files up to date for six years plus the current year.
get it done asap.
file the TDF 90-22.1 forms with the Department of the Treasury in Detroit
File the 8891 and amended schedule B's with a 1040X to the IRS.
Happy to help if you want it.
To date, we have had no fines administered against a client who comes forward and makes a voluntary disclosure.
The oldest person I have dealt with (after the fact) fined $10,000 was 105.
The biggest fine applied to someone I knew but who was not a client was $100,000 PLUS 6 months in jail.
It is serious legislation and serious money and can be administered like a parking ticket.
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