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Bird Talk » Dollars & Sense

Dollars & Sense

8840

Posted date : Jul 22, 2020.

In addition to where we winter, we also have a U.S. rental property and have been filing 8840 and 1040-NR each year. The CPA charges $300 to file just the two 8840s….

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Form 8840 − Closer Connection Exception statement for Aliens

Posted date : Jul 22, 2020.

Having just returned from six months in the U.S., I undertook to, once again, fill in Form 8840. This year, I note that the I.R.S. is seeking, in question #13, whether or not I filed tax returns for 2019..

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8840 #28

Posted date : Jul 22, 2020.

8840 Question #28 − Did you have any income from U.S. sources? I own a Canadian small business (corporation) and it was paid by a U.S. company

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8840 and U.S. Tax Filing

Posted date : Jul 22, 2020.

Do I need to fill out the 8840 if I filed a U.S. income tax return?

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Money Exchange

Posted date : May 5, 2020.

We use your currency exchange program on a regular, year-round, monthly basis. How can I make an additional one-time transfer?

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U.S. Real Estate and Taxes

Posted date : Sep 30, 2019.

We own a second home in Mesa, Arizona. I am aware that any capital gain on a real estate sale in the U.S. is reportable and taxable. There is also a 15% withholding tax on the sale price…

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Selling U.S. Property

Posted date : Aug 9, 2019.

I am considering selling my U.S. condo and wonder if you have any advice on this. I have owned it for 10 years and it has gone up in value, so I know that I will pay capital gains tax in the U.S. Will the profit be counted as income in Canada?

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IRS Filing Question

Posted date : Aug 9, 2019.

In 2019, we rented our Florida/Jensen Beach condo out to Americans (for the first time) for the months of February/March through a Jensen Beach-based realty management company. Can we pay the tax on these U.S. rental earnings in Canada, or must we pay it to the IRS?

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Spring Bird Talk Issues

Posted date : Aug 9, 2019.

There are two issues raised in the Bird Talk of the spring issue on page 8, where I am questioning your response: (1) There is no withholding tax on a U.S. sale of less than $250,000. (2) In Canada, we are required to report any real estate transaction of more than $100,000 at purchase.

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Amazon Prime

Posted date : Aug 9, 2019.

I read your article in the summer 2018 issue on Amazon Prime. I talked to an Amazon customer service agent and he suggested to me to just get it monthly in Canada and in the U.S.

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