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david ingram replies:
Paragraph 2-- If he has no assets, a bankruptcy is likely the best method
3. A tax lawyer could be of help but more likely a bankruptcy lawyer with a knowledge of tax would be better. I suggest Murray Morisson at (604) 930-9013
4. The CRA works out payment plans all the time. You have to talk to the collection agent to arrange it. Again, having a bankruptcy lawyer arrange it would likely be more powerful. However, unless the CRA made an error or delayed things, or your friend had severe medical or other problems, it is not likely that interest and penalty will be halved.
5. I do not know enough to advise you.
6. A "Memorial of Judgment" is simply an olde English term meaning a judgment. It was never used in the west but there were lots of them in PEI, New Brunswick and even Nebraska and Australia in the 1800's.
A discharge means that the judgment does not exist anymore.
First you have to ascertain what the total liabilities will be -- In another 45 days, you will be able to figure out 2009 as well.
Then, if he has assets, figure out a payment plan and if there are no assets, consider bankruptcy.
hope this helps
david ingram
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US / Canada / Mexico tax, Immigration and working Visa Specialists
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$1,700 would be for two people with income from two countries
Catch - up returns for the US where we use the Canadian return as a guide will be $150 to $500.00 depending upon numbers of bank accounts, RRSP's, existence of rental houses, etc.
Just a guideline not etched in stone.
David Ingram expert income tax and immigration help and preparation of US Canada Mexico non-resident and cross border returns with rental dividend wages self-employed and royalty foreign tax credits family estate trust trusts income tax convention treaty advice on bankruptcy
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