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Dear Sirs:
I am a US citizen and landed immigrant by marriage living exclusively in Vancouver, BC since landing in 1995, but due to ignorance first and
laziness later have never bothered to file my US income tax statements to date.
I have never made more than the USD$80,000 limit in those years (all as straight income, little or no capital gains, etc.) and have no real
estate (in my name) or other complicated investments here or in the US. I do have a modest US IRA account with a Mutual Fund in Denver that I have just let sit since moving here.
I would like to catch up and file the required tax forms now. If I send you copies of my Canadian filings since 1995, can you prepare the required
US documents? Can you also indicate an approximate cost for something like this and what do you require from me to get the process started as far
up-front payment etc? I assumed that since I don't owe them any money they won't get too fussed about it, but will there be any penalties?
Please "reply to all" so I get the mail at home too, thanks.
Regards,
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david ingram replies:
We can certainly look after you. Sorry about missing the first question but I get up to 50 a day and only get to answer 4 or 5.
In your situation, the IRS is usually happy with six years back filing.
I would need your 1998, 1999, 2000, 2001, 2002 and 2003 Canadian Returns and your US SSN. We can, of coourse do right back to 1995 but I do not consider it "necessary" under the circumstances.
Your bill would be in the $1,000 range. NO GST as we would be exporting the work directly. (If I mail the returns to the US from our office, I do not need to charge you GST. If I give them to you to take home and mail, I have to charge GST).
We would also need the Dec 31, 2002 and Dec 31st 2003 Year end statements for your RRSP accounts and we would need teh account numbers and highest balances of any financial accountants you have signing authority over including any account for the company you work for or even a cub scout or girl guide or church or union account. (Form TD F-90.22 has fines of up to $500,000 PLUS five years in jail for failure to report an account and is more serious than not filing the tax returns).
See the fine print at the bottom of Form TD F.90 here: http://www.irs.gov/pub/irs-fill/f9022-1.pdf
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