Entries by Manager

Reporting Canadian RRSPs and RRIFs in the United States: Form 8891

It comes as a surprise to most taxpayers the Canadian Registered Retirements Savings Plans (RRSPs) and Registered Retirement Income Funds (RRIFs) must be reported in the United States.  Yet, any U.S. citizen or resident who is a beneficiary of an RRSP or RRIF must complete Form 8891 and attach it to Form 1040. A U.S. […]

FBAR Deadline Extension for Signature Authority Only – IRS Notice 2011-54

On June 16, 2011, the Internal Revenue Service issued IRS Notice 2011-54, granting additional relief to persons with signature or other authority over, but no financial interest in, a foreign financial account held during calendar year 2009 or earlier calendar years. Previous, IRS Notices 2009-62 and 2010-23 already extended this deadline until June 30, 2010: […]