Tag Archives: foreign tax credit
Should I convert my IRA before moving to Canada?
Posted on 04. Feb, 2011 by Phil Hogan, CA.
Tweet Question Hello, I have a question…I’m planning on moving to Canada (I’m a US citizen) in the next few months and I’m wondering whether I should convert my existing IRA ($200,000) to a ROTH IRA or enter Canada and roll it into an RRSP. What are your thoughts? What are the tax implications? Thanks [...]
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Do I pay US tax on interest earned from the US?
Posted on 03. Feb, 2011 by Phil Hogan, CA.
Tweet Question Hello Phil, I have what I hope is a simple question. If a Canadian resident earns interest income on money invested in the US, does the Canadian resident then have to file US income tax? If so, is an ITIN number needed by the Canadian resident? Thanks XXXXXX Answer Hi XXXX Under the [...]
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Foreign Tax Credit for Taxes on Swiss Tax Returns
Posted on 13. Nov, 2010 by Phil Hogan, CA.
Tweet Question Hello, I lived in Switzerland for a few years and I failed to file my US returns. I’m a US citizen, currently residing in the US but I have been living in Switzerland for a few years. I’m currently catching up with my delinquent US returns and I just have a small question [...]
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