U.S. tax-filing obligations for Canadian Snowbirds
The Globe has a summary at http://www.theglobeandmail.com/globe-investor/personal-finance/taxes/ignore-us-tax-filing-obligations-at-your-financial-peril/article29783607/
The Globe has a summary at http://www.theglobeandmail.com/globe-investor/personal-finance/taxes/ignore-us-tax-filing-obligations-at-your-financial-peril/article29783607/
The Saskatoon StarPhoenix has a good summary of tax issues for Canadian snowbirds who spend their winters in the sunny south. They start with a reminder to fill in the IRS Form 8840 by June 15th and then go on …
The Globe published an article today on The flip side of retirement in the sun? A tax headache. While most of these articles are typically an advertorial for tax accountants, it does have some useful info. The article covers the residency …
Read below for a warning from Moodys for Canadian Snowbirds. Thanks to R for forwarding this article on important caveats for Canadian snowbirds in America. The Immigration Reform legislation currently before Congress would allow Canadian Snowbirds to stay for more than …
Important caveats for Canadian snowbirds in the USA Read more »
If you are a non-resident alien who needs to file taxes in Arizona, see the following. http://www.azdor.gov/LinkClick.aspx?fileticket=ya1vt7rSO0s=&.. You can e-file using this form. http://www.azdor.gov/LinkClick.aspx?fileticket=1lBSrLEEXZI%3D&tabid=257&…
There are some tax implications for Canadians who own rental properties in the USA. A google on “owning rental properties in both canada and the usa” brings up a link to this recent article. Owning U.S. property may mean tax implications …
Owning rental properties in both Canada and the USA Read more »
There is a big difference between capital improvements and repairs. According to Turbo Tax, “the cost of property improvements generally must be capitalized and depreciated over several years (by following IRS depreciation tables) rather than deducted in the year paid. By …
Turbo Tax will walk you through the process of reporting your rental income to the IRS. They have a posting on Real Estate Tax and Rental Property at the previous link. They promise to “help you with deductions, depreciation, and getting …
For the snowbird who also wants to rent out their American vacation home, here are some links to tax tips. My starting point was the IRS page on Rental Income and Expenses – Real Estate Tax Tips. It provides tips on …