I never files a us return -
My_question_is: Applicable to both US and
Canada
Subject: I never files a us return
Expert: [email protected]
Date: Thursday January 24, 2008
Time: 01:47 AM -0000
QUESTION:
I am a us citizen who has lived in canada for 30 years I just became aware that I was to file us tax returns. I also understand that I needed to register my rrsps. What can I do, and what is it likely to cost me.
Thanks
------------------------------------------------Subject: I never files a us return
Expert: [email protected]
Date: Thursday January 24, 2008
Time: 01:47 AM -0000
QUESTION:
I am a us citizen who has lived in canada for 30 years I just became aware that I was to file us tax returns. I also understand that I needed to register my rrsps. What can I do, and what is it likely to cost me.
Thanks
david ingram replies:
I am so busy it is crazy.
This older question may help
------------------------------------------ QUESTION: David, I am in a predicament. I have lived in Canada for three decades. I am a dual US/Canadian citizen. I have faithfully filed forms 1040 and 2555EZ every year. I have never had earned income beyond the exemption amount. No US income, other than the odd short-term stock investment (with very little gain). I have RRSPs (no withdrawals other than home-buyers plan, which was repaid). However, I now realize I have made a few mistakes. I have never filed RRSP information, nor I have I filed dividend, capital gains, or interest information. I am not wealthy, and I am reasonably sure I would have $0 tax liability for any of those amounts earned. Should I go back and re-file all those forms (1116, 8891, the murky situation before 8891, 8833[?], every other ridiculous form out there), and how far back? 3 years? 7 years? Or is there another way? I must admit that I'm considering renunciation, though I wonder if that could cause more problems -- such as an audit or penalties. (I have also never filed TDF 90-22.1, though I plan to do so right away.) ---------------------------------------------------------------- david ingram replies: File the 8891 forms for 2005 with a 1040X and then file the current ones with your 2006 return. Note that the TDF forms do NOT go with the tax return. They go to Detroit, Michigan. The 8891 accepts that you may not have been doing the forms and asks if you want to start now. ===================================== David Ingram's US / Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists My Home office is at: 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Cell (604) 657-8451 - (604) 980-0321 Fax (604) 980-0325 Calls welcomed from 10 AM to 10 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) email to [email protected] www.centa.com www.david-ingram.com Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist for expert help, assistance, preparation, or consuDavid Ingram gives expert income tax & immigration help to non-resident Americans & Canadians from New York to California to Saudi Arabia to Mexico to China or Chile - Cross border, dual citizen - out of country investments are all handled with competence & authority. Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Garland, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon. Pennsylvania, Rhode Island, Rockwall, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Wisconsin, Wyoming, British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec City, New Brunswick, Prince Edward Island, Nova Scotia, Newfoundland, Yukon and Northwest and Nunavit Territories, Mount Vernon, Eumenclaw, Coos Bay and Dallas Houston Rockwall Garland Texas Taxman and Tax Guru and wizzard wizard - consultant - expert - advisor -advisors consultants - gurus - Paris Prague Moscow Berlin LimaDavid Ingram expert income tax help and preparation of US Canada Mexico non-resident and cross border returns with rental dividend wages self-employed and royalty foreign tax credits New York, Boston, Sacramento, Minneapolis, Salem, Wheeling, Philadelphia, Pittsburgh, Atlanta, Pensacola, Miami, St Petersburg, Naples, Fort Myers, Cape Coral, Orlando, Atlanta, Arlington, Washington, Hudson, Green Bay, Minot, Portland, Seattle, St John, St John's, Fredericton, Quebec, Moncton, Truro, Atlanta, Charleston, San Francisco, Los Angeles, San Diego, Sacramento, Taos, Grand Canyon, Reno, Las Vegas, Phoenix, Sun City, Tulsa, Monteray, Carmel, Morgantown, Bemidji, Sandpointe, Pocatello, Bellingham, Custer, Grand Forks, Lead, Rapid City, Mitchell, Kansas City, Lawrence, Houston, Albany, Framingham, Cambridge, London, Paris, Prince George, Prince Rupert, Whitehorse, Anchorage, Fairbanks, Frankfurt, The Hague, Lisbon, Madrid, Atlanta, Myrtle Beach, Key West, Cape Coral, Fort Meyers, Berlin, Hamburg Warsaw, Auckland, Wellington, Honolulu, Maui, Kuwait, Molokai, Beijing, Shanghai, Tokyo, Manilla, Kent, Winnipeg, Saskatoon, Regina, Red Deer, Olds, Medicine Hat, Lethbridge, Moose Jaw, Brandon David Ingram expert income tax help and preparation of US Canada Mexico non-resident and cross border returns with rental dividend wages self-employed and royalty foreign tax credits
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