Embodiments of user equipment and methods for determining IQ imbalance parameters are described. In some embodiments, a method for determining in-phase (I) and Quadrature (Q) imbalance (IQ imbalance) parameters based on a known signal in a dual-carrier receiver using at least one controllable frequency offset includes receiving a known signal modulated onto a first radio frequency (RF) carrier frequency and a second RF carrier frequency different than the first RF carrier frequency; downconverting the known signal to a baseband signal for the first and second carriers by conversion from the respective RF carrier frequencies to an intermediate frequency (IF) using a common RF local oscillator (LO) and by further conversion from IF to baseband using carrier specific IF LOs, wherein as a controllable frequency offset is used as a part of the conversion from at least one of RF to IF and IF to baseband through the LOs; removing any controllable frequency offset from the baseband signal for the first and second carriers to produce representations of the received signals of the first and second carriers; and deriving IQ imbalance parameters for each representation of the received signals of the first and second carriers using a least square estimate.