DIY’ers, use these forms under special circumstances. I do recommend getting help with some of them, at least the first time you do them.
|3520, 3520A|| (Get help with these!)
Report TFSA's, RDSP's, RESP's.
|4562||(Used with Schedule C, self employment)
Depreciation (In Canada, Capital Cost Allowance)
|5471||and associated Schedules (Get help with these!)
US citizens file this if they own shares in a corporation that is "controlled" by US shareholders each owning at least 10%.
|8621||(Get help with these!)
Certain non-US mutual funds and ETF's, and certain corporations with passive income. (Handle these investments with care... they may taxed egregiously in the US).
|8829||(Used with Schedule C, self-employment)
Business use of home expenses
|8833||(Get help with these!)
Treaty-based return positions Used to avoid double taxation in a variety of scenarios, such as CPP/OAS income.
|8891||RRSP... Used ONLY when filing under amnesty (the "Streamlined Procedure").|
|8938||(Get help with these!)
(Link: ***same article as FBAR article***)
Like the FBAR, but filed directly to the IRS, if the value of your assets exceed higher thresholds.
|8949||If you filed schedule D, use this form to itemize sales of securities.|
- If you are a DIY’er, save yourself a headache, and have someone look over your returns to find any glaring oversights. Let us do it at a fraction of the cost of an accountant!
- Do NOT file delinquent tax returns or FBARs with the IRS until you learn how to avoid penalties!