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foreign accounts reporting

Reporting Your RRSP To The IRS

December 15, 2016

Until 2014, U.S. taxpayers, who owned Canadian retirement plans, such as: Registered Retirement Savings Plan (RRSP) or a Registered Retirement Income Fund (RRIF) were required to file Form 8891, U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans to report their interest in their qualified Canadian retirement accounts. In addition, this Form was...

IRS US Tax Forms

Part IV, Form 8865: Common Tax Issues Faced by U.S. People Living Abroad

October 4, 2016

In the overview of the series, we advised that in addition to filing income tax returns, U.S. citizens residing outside the U.S. need to file various reports in respect of foreign holdings. Failure to file these reports can result in onerous penalties. In part III of the series, we will discuss the requirements to file...