What we need to file ypur US or Canada or US/Canada tax return - how to put it together -

year? Thanks, 2006 tax client

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david ingram replies:

George Arora, who did your return last year, has left and returned toCalifornia and is working for a CPA firm in Beverly Hills as a staffaccountant.

My son, Peter Ingram has returned after an absence of two and a halfyears and David Holroyd and Gillian Bryan are here with me as well on afull time basis.  Another son Mitchell Ingram is coming along fine as aUS / Canada Tax preparer while attending Capilano College on apart-time basis.

I am the only one to consult on tax matters at the moment however.

So yes, there are 4 1/2 of us here and, of course:.
 
We are pleased to look after your tax return.

You may send the information by email in .pdf  or word format.  Pleasedo NOT use bitmap or any other word processor. (Number Pages by Handplease).

You may send it by snail mail - If you do, please keep a copy ofanything hard to replace. (Number pages by Hand)

You may send it by courier - If you do, please keep a copy of anythinghard to replace. (Number Pages by hand)

You may fax it.  If you fax, please make sure anything light has beendarkened and, of course, number the pages by hand.

 We ask that the pages be numbered in a corner by hand.  That way if wehave difficulty with a page, it is easier to refer to it when talkingto you, and  if a page does not come through, we know which page ismissing.

When copying on a photocopier or faxing, it is not unusual for one ormore pages to double feed and not be reproduced at the other end.

Depending upon whom you are dealing with at my office,  Please send to:taxman@centa.comor gillian@centa.comor holroyd@centa.comorpeter@centa.comor mitchell@centa.comif you email.

Please fax to (604) 980-0325  - preferably not at 3 AM because it is ahome office. 10:00 AM to 10:00 PM seven days a week is a fine time tofax./

Courier or snail mail to

david ingram's CEN-TA
4466 Prospect Road
North Vancouver, BC, CANADA
V7N 3L7


The preferable multi-line phone number to call  is (604) 980-0321
Another business number is (604) 980-0499 - We use this as a phone out and  fax out line however and it is more likely to be busy.

The kid's residence phone number is (604) 980-3578 if you just can'tget through on the office phone. However, it is not a business phone soplease only use it if really necessary.

What do we need you to send us?   The following is not all of it by anymeans but if you have any of these things, printing out the governmentform and trying to match the lines makes a lot of sense.

US and CANADA

For US and Canadian returns we need to send in copies of Charitabledonation receipts.  Therefore, we need copies of the actualreceipts.

For Canadian returns, we need to send in copies of the actualreceiptsfor medical costs. Therefore, we need copies or the actual recipts.

We need copies of or the actual NR4, T3, T4, T5,  T5007, etc.slips. Weneed copies of W2, W2G 1042S, 8288, 1099-Misc, 1099-Div, 1099R US slips.

In general, if there is a tax deducted on a slip, we need a copy ofit.  If it is just income, we do not necessarily need the slip,justthe amount but the slip is always nicer to have. 

If there was tuition or other amounts paid for post secondaryeducation, we need the actual slip or a good copy.

If you are self-employed, we do not need the recipts or income.  If youhave done a P & L (Profit and Loss) statement, we need the amountson the statements.

Hints on the statements for Canada.

You can find all Canadian Government tax forms at:http://www.cra-arc.gc.ca/menu/AFAF_T-e.html

If you are Self Employed in 'business' in Canada, I need theamounts you will find on the T2124 form which you can find at: http://www.cra-arc.gc.ca/E/pbg/tf/t2124/t2124-07e.pdf

If you are a Self Employed Fisher in Canada, I need the Amountsyou will find on form T2121 which you can find at:http://www.cra-arc.gc.ca/E/pbg/tf/t2121/t2121-07e.pdf

If you are a Self Employed Farmer in Canada, we need the amounts you will find  on form  T2042 which you can find at:
 http://www.cra-arc.gc.ca/E/pbg/tf/t2042/t2042-07e.pdf

If you are a Self Employed Professional or A commission Salespersonin Canada  where you do not actually sell a product and have a costof goods sold, you should fill in Schedule T2032 at:http://www.cra-arc.gc.ca/E/pbg/tf/t2032/t2032-07e.pdf

If you have a Rental house in the US or Canada, Canada wantsform T776 filled in at:http://www.cra-arc.gc.ca/E/pbg/tf/t776/t776-07e.pdf

A Canadian employee with business expenses would file form at:http://www.cra-arc.gc.ca/E/pbg/tf/t777/t777-07e.pdf

Notice that the Canadian Forms all have Computer code numbers besidethe items asked for.  You should try toquantify your expenses to fitinto these codes.  It will make our charges to you less because we donot have to add up amounts to fit into the government schedule.  A goodexample would be field 8860 for Legal and accounting fees. Your statement might have  a figure for accounting, a figure for taxprepareation and a legal figure for suing a client for an unpaid bill. For the purposes of the CRA's form, I want those added together andgive me one number only for field or line 8860.

Similarly, field 9220 asks for telephone and utilities.  Thatmeans that even if you have separate totals for your Business phone,cell  phone, fax, internet, heat and electricity, the CRA and I onlywant one total.  Usually, when a client gives us these, they arescatterd through his or her information and it takes time to find themand add them which means a larger bill.   The fishing form does nothave a place for telephione and utilities and the rental form only asksfor utilities in field 9220.

If you are a Canadian who is leaving the country this year, toavoid a $2,500 penalty, you have to deal with form T1161 at:http://www.cra-arc.gc.ca/E/pbg/tf/t1161/t1161-07-e.pdf


 Specific Hints for the United States

All US forms can be found at:http://www.irs.gov/formspubs/lists/0,,id=97817,00.html

Self Employed (fisher, professional, commission sales agent, etc.) needto send in the figures on Schedule C which you can find at
http://www.irs.gov/pub/irs-pdf/f1040sc.pdf

If you have rental income in the US or Canada or France, you need tofill out Schedule E which you can find at:http://www.irs.gov/pub/irs-pdf/f1040se.pdf

If you are a US farmer, (Xmas trees, almonds, oranges, caribou or beef, etc.,the US wants Schedule F filed at:http://www.irs.gov/pub/irs-pdf/f1040sf.pdf

If you are a US or Canadian  employee filing a US return withbusiness expenses, form 2106 is in order at:http://www.irs.gov/pub/irs-pdf/f2106.pdf

If you are an American filer with a Canadian RRSP, you mustfile US form 8891 at: http://www.irs.gov/pub/irs-pdf/f8891.pdf

If you have any foreign accounts whatsoever (Canada, France,Spain, Italy, Japan, Indonesia, Dubai, etc.) you MUST FILE SCHEDULEB at:  http://www.irs.gov/pub/irs-pdf/f1040sab.pdf - Not a choice,if you ae the co-signer on your aged mother's account in any countrybut the USA, you must file Schedule B and answer questions 7 and 8. You say yes to question 7 if you have signing authority over foreignaccounts totalling over $10,000 at any one time in the year.  Youanswer yes to question 8 if you have an RRSP, an RESP, aRRIF in Canada or the equivalent in any other country.  You areunlucky if you have a RESP brecaue now you have to file form 3520 andlikley 3520A. You get to file form 8891 for a RRIFand an RRSP.

If you said yes to question 7, to avoid a minimum $10,000 fine,you must fill in form T D F 90-22.1 for each account you havesigning authority over including a company payroll account, a cub scoutaccount, your mother or father's account or a joint account with yourforeign spouse as well as your own accounts and you have to fillone outfor each RRSP as well. Find this TDF 90-22.1 form at:http://www.irs.gov/pub/irs-pdf/f90221.pdf -  PS, the $10,000 is aminimum fine, the maximum is up to $500,000 PLUS 5 years in jail.

If the answer to 8 is yes, the fine is:
*   35% of the money in the RRSP Plus
*   5% of the money for every year not reported (that you should havebeen reporting) since 1989
*   Tax on the amount in the RRSP. 

To be honest, to this date, (Mar 1, 2008) I have never seen the 8891penalties imposed - not even once yet. However, the TDF 90-22.1fines are imposed routinely and my record (for silliness) was a 105year old lady with a $10,000 fine.  I have NEVER had anyone fined whocame forward voluntarily. My understanding is that the Dept of theTreasury is presently fining some 1072 people who were clients of aVancouver Fiancail consultant, Jerome Schneider, who toldhis clients not to file them.  Jerome Schneider receiveda $100,000 fine and 6 months in jail on a plea bargain when he turnedin all of his clients and the lawyers and accountants who wereassisting. see more on this and other US accountants a and theirclients who received jail time at:http://centapede.centa.com/Week-of-Mon-20060227/002468.html

If you already have your US return done and just want theCanadian return done, we obviously need a copy of the US return.  Samewith the UK, Australia, Portugal or Libya.

Same thing if Canada or any of the other 200 returns is alreadydone and you just need the US return done.  We need copies of thosereturns.  Please label each line of the foreign return with the Englishword.

Hope this helps.

On February 11, 2008, DavidIngram wrote:

It is very unlikely that blind or unexpected email to me will beanswered.  I receive anywhere from 100 to 700  unsolicited emails a dayand usually answer anywhere from 2 to 20 if they are not from existingclients.  Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject lineand get answered first.  I also refuse to be a slave to email and donot look at it every day and have never ever looked at it when I am outof town. 
e bankruptcy expert  US Canada Canadian American Mexican Income Tax  service and help
However, I regularly search for the words"PAYINGCUSTOMER" and always answer them first if they did not get spammed out.For the last two weeks, I have just found out that my own email notesto myself have been spammed out and as an example, as I wrote this onDec 25, 2007 since June 16th, my 'spammed out' box has47,941 unread messages, my deleted box has 16645 I have actually lookedat and deleted and I have actually answered 1234 email questions forclients and strangers without sending a bill.  I have also put aside847 messages that I am maybe going to try and answer because they lookinteresting. -e bankruptcy expert  US Canada Canadian American Mexican Income Tax service and  help
Therefore, if an email is not answered in 24 to48 hours, it is likely lost in space. You can try and resend it but if important AND YOU TRULY WANT OR NEEDAN ANSWER from 'me', you will have to phone to make an appointment. Gillian Bryan generally accepts appointment requests for me between10:30 AM and 4:00 PM Monday to Friday VANCOUVER (Seattle, Portland, LosAngeles) time at (604) 980-0321.  david ingram expert US Canada Canadian American  Mexican Income Tax  service and help.
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 9 PM 7 days a week Vancouver (LA) time -  (please do not fax orphone outside of those hours as this is a home office) expert  US Canada Canadian American Mexican Income Tax  service help.
 
Disclaimer: This question has been answered without detailed information orconsultation and is to be regarded only as general comment.   Nothingin this message is or should be construed as advice in any particularcircumstances. No contract exists between the reader and the author andany and all non-contractual duties are expressly denied. All readersshould obtain formal advice from a competent andappropriately qualified legal practitioner or tax specialist for experthelp, assistance, preparation, or consultation  in connection withpersonal or business affairs such as at www.centa.com. If you forward this message, this disclaimer must beincluded." e bankruptcy expert  US Canada Canadian American Mexican Income Tax  service and help.
David Ingramgives expert income tax service & immigration help to non-residentAmericans & Canadians from New York to California to Mexico family, estate, income trust trusts Cross border, dual citizen - out ofcountry investments are all handled with competence & authority.
 
Phone consultationsare $450 for 15 minutes to 50 minutes (professional hour). Please notethat GST is added if product remains in Canada or is to be returned toCanada or a phone consultation is in Canada. ($472.50 with GST if inCanada) expert  US Canada Canadian American MexicanIncome Tax  service and help.
This is not intended to be definitivebut in general I am quoting $900 to $3,000 for a dual country taxreturn.
$900 would be one T4 slip one W2 slipone or two interest slips and you lived in one country only (but werefiling both countries) - no self employment or rentals or capital gains- you did not move into or out of the country in this year.
 
$1,200 would be the same with onerental
 
$1,300 would be the same with onebusiness no rental
 
$1,300 would be the minimum with amove in or out of the country. These are complicated because of theback and forth foreign tax credits. - The IRS says a foreign tax credittakes 1 hour and 53 minutes.
 
$1,600 would be the minimum with arental or two in the country you do not live in or a rental and abusiness and foreign tax credits  no move in or out

$1,700 would be for two people with income from two countries

$3,000 would be all of the above andyou moved in and out of the country.
 
This is just a guideline for US /Canadian returns
 
We will still prepare Canadian only(lives in Canada, no US connection period) with two or three slips andno capital gains, etc. for $200.00 up.
 
With a Rental for $400, two or threerentals for $550 to $700 (i.e. $150 per rental) First year Rental -plus $250.
 
A Business for $400 - Rental andbusiness likely $550 to $700
 
And an American only (lives in the USwith no Canadian income or filing period) with about the same things inthe same range with a little bit more if there is a state return.
 
Moving in or out of the country orpart year earnings in the US will ALWAYS be $900 and up.
 
TDF 90-22.1 forms are $50 for thefirst and $25.00 each after that when part of a tax return.
 
8891 forms are generally $50.00 to$100.00 each.
 
18 RRSPs would be $900.00 - (maybeamalgamate a couple)
 
Capital gains *sales)  are likely$50.00 for the first and $20.00 each after that.

Catch - up returns for the US where we use theCanadian return as a guide for seven years at a time will be from $150to$600.00 per year depending upon numbers of bank accounts, RRSP's,existence of rental houses, self employment, etc. Note that thesereturns tend to be informational rather than taxable.  In fact, ifthere are children involved, we usually get refunds of $1,000 per childper year for 3 years.  We have done several catch-ups where the clienthas recieved as much as $6,000 back for an $1,800 bill and one recentlywith 6 children is resulting in over $12,000 refund. 

This is aguideline not etched in stone.  If you doyour own TDF-90 forms, it is to your advantage. However, if we put themin the first year, the computer carries them forward beautifully.
 
This from "ask an income trusts tax service andimmigration expert" from www.centa.com or www.jurock.com or www.featureweb.com. David Ingram deals on a daily basis with expatriate taxreturns with multi jurisdictional cross and trans border expatriateproblems  for the United States, Canada, Mexico, Great Britain, UnitedKingdom, Kuwait, Dubai, Saudi Arabia, Thailand, Indonesia, Japan,China, New Zealand, France, Germany, Spain, Italy, Russia, Georgia,Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland, Hawaii, Florida,Montana, Morocco, Israel, Iraq, Iran, India, Pakistan, Afghanistan,Mali, Bangkok, Greenland, Iceland, Cuba, Bahamas, Bermuda, Barbados, StVincent, Grenada,, Virgin Islands, US, UK, GB, and any of the 43 stateswith state tax returns, etc. Rockwall, Dallas, San Antonio Houston,Denmark, Finland, Sweden Norway Bulgaria Croatia Income Tax andImmigration Tips, Income Tax  Immigration Wizard AntarcticaRwanda Guru  Consultant Specialist Section 216(4) 216(1) NR6 NR-6 NR 6Non-Resident Real Estate tax specialist expert preparer expatriate antimoney laundering money seasoning FINTRAC E677 E667 105 106TDF-90 Reporting $10,000 cross border transactions Grand Cayman ArubaZimbabwe South Africa Namibia help USA US Income Tax Convention. Adviceon bankruptcy  e bankruptcy expert  US Canada Canadian American Mexican Income Tax service and help .

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