My_question_is: Applicable to both US andCanada
Subject: First yearTN
Expert:[email protected]
Date: Tuesday February 12,2008
Time: 08:32PM -0000
QUESTION:
Hi,
I'm a first year TN Holdercurrently residing in New York City. I came to NYC in March 2007, and I had ajob before that in Mississauga Ontario.
Now when it comes to my taxes,I'm a bit confused of what I should do. I know I need to file taxes on both sideof the border. But I'm not sure if it's going to be very complicated as I haveincome from NY and Ontario during the same year. I was told that I can use the1040EZ form to do my US taxes, but by reading online helps, seems like I have toreport my Ontario earning in the US as well.
Can you please let me knowif this is a complicated process? Can I file taxes on my own? Or would yousuggest professional help? In this case, how much will you charge for filingbothsides?
Thanks!
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davidingram replies: Subject: First yearTN
Expert:
Date: Tuesday February 12,2008
Time: 08:32PM -0000
QUESTION:
Hi,
I'm a first year TN Holdercurrently residing in New York City. I came to NYC in March 2007, and I had ajob before that in Mississauga Ontario.
Now when it comes to my taxes,I'm a bit confused of what I should do. I know I need to file taxes on both sideof the border. But I'm not sure if it's going to be very complicated as I haveincome from NY and Ontario during the same year. I was told that I can use the1040EZ form to do my US taxes, but by reading online helps, seems like I have toreport my Ontario earning in the US as well.
Can you please let me knowif this is a complicated process? Can I file taxes on my own? Or would yousuggest professional help? In this case, how much will you charge for filingbothsides?
Thanks!
-------------------------------------------------------
It is a complicated process. We charge from$900 to $3,000 Cdn for US / Canadian returns. There is a more in depthdescription following below.
This older situation will help - Youwill also have to file a New York IT 203 part year return and maybe a City ofNew York or a City of Yonkers return depending upon where you live.
The1040EZX is not the return to file. You will not report the Ontario incomeif you file a Dual Status Return but will if you file a full year 1040 and claimforeign tax credits.
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