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TN visas and changing/adding jobs - Canadian-USA-Global tax help -


XXX  wrote:
Below is the result of your feedback form.  It was submitted by
XXX on Monday, May 25, 2009 at 23:01:11
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My_question_is: Both

question: I am under a valid TN visa about to expire june 11th. 
I am planning to return to Canada next week and apply for a new 
visa when I cross back into the States.  I recently interviewed 
for a new job and ideally would like to work for both companies 
with two TN visas.  The issue is that I am under contract with company A 
until July 3rd so I wont be able to start work with company 
B until after that.  Can I apply for both TNs next week when 
I cross or do I have to go back to Canada and cross again 
to apply for the TN for company B. (This will be an additional 
expense and considerable anxiety and mental stress to me).

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david ingram replies:

I have had clients apply for four TN visas at the same time and get all four for the price of one.

Two should not be a problem unless the job is not starting for a while.  You are supposed to be crossing the border to take that job at the time.

My suggestion is that you ask for both at the same time  with them both starting at the same time.  I think you are saying you intend to work for them both at the same time.  It is not unusual for a consultant to have 8 TN visas when he or she has 8 different employers requiring their services a day or two a month.

Presumably, if one knew who they all were, he or she could have them all renewed or issued at the same time for one fee.





SUGGESTED PRICE GUIDELINES - Aug 5, 2008
 
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This is not intended to be definitive but in general I am quoting $900 to $3,000 for a dual country tax return.

$900 would be one T4 slip one W2 slip one or two interest slips and you lived in one country only (but were filing 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 one rental
 
$1,300 would be the same with one business no rental
 
$1,300 would be the minimum with a move in or out of the country. These are complicated because of the back and forth foreign tax credits. - The IRS says a foreign tax credit takes 1 hour and 53 minutes.
 
$1,600 would be the minimum with a rental or two in the country you do not live in or a rental and a business 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 and you 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 and no capital gains, etc. for $200.00 up. However, if you have a stack of 1099, or T3 or T4A or T5 or K1 reporting forms, expect to pay an average of $10.00 each with up to $50.00 for a K1 or T5013 or T5008 or T101 --- Income trusts with amounts in box 42 are an even larger problem and will be more expensive. - i.e. 20 information slips will be at least $350.00
 
With a Rental for $400, two or three rentals for $550 to $700 (i.e. $150 per rental) First year Rental - plus $250.
 
A Business for $400 - Rental and business likely $550 to $700
 
And an American only (lives in the US with no Canadian income or filing period) with about the same things in the same range with a little bit more if there is a state return.
 
Moving in or out of the country or part year earnings in the US will ALWAYS be $900 and up.
 
TDF 90-22.1 forms are $50 for the first 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 - (maybe amalgamate 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 the Canadian return as a guide for seven years at a time will be from $150 to $600.00 per year depending upon numbers of bank accounts, RRSP's, existence of rental houses, self employment, etc. Note that these returns tend to be informational rather than taxable.  In fact, if there are children involved, we usually get refunds of $1,000 per child per year for 3 years.  We have done several catch-ups where the client has received as much as $6,000 back for an $1,800 bill and one recently with 6 children is resulting in over $12,000 refund. 

Email and Faxed information is convenient for the sender but very time consuming and hard to keep track of when they come in multiple files.  As of May 1, 2008, we will charge or be charging a surcharge for information that comes in more than two files.  It can take us a valuable hour or more  to try and put together the file when someone sends 10 emails or 15 attachments, etc. We had one return with over 50 faxes and emails for instance. 

This is a guideline not etched in stone.  If you do your own TDF-90 forms, it is to your advantage. However, if we put them in the first year, the computer carries them forward beautifully.

--
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