View Full Version : Do I have to include my RRSP in Form 8938 or TD F 90-22.1
guluoguawen
Mar 4, 2012, 08:25 AM
Dear Sir/Madam,
I have reported my Canadian RRSP (registered retirement savings plan) in the form 8891 every year. Do I have to include my RRSP in the form 8938 or TD F90-22.1.
Many thanks in advance!
AtlantaTaxExpert
Mar 9, 2012, 01:48 PM
In my opinion, yes, if the assets are high enough.
guluoguawen
Mar 9, 2012, 05:23 PM
Dear AtlantaTaxExpert,
Thank you very much for your answer, which is very helpful.
joehiken
Oct 13, 2013, 11:15 AM
According to IRS site
http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Report-of-Foreign-Bank-and-Financial-Accounts-(FBAR)
Under
Who Must File an FBAR, Exceptions to the Reporting Requirement, item 7
7.Participants in and beneficiaries of tax-qualified retirement plans;
It seems that for a RRSP need not file the FBAR, can someone clarify this?
AtlantaTaxExpert
Oct 13, 2013, 01:23 PM
I have called and ASKED the IRS and was told that you MUST include the RRSP on the FBAR, because the RRSP, being a FOREIGN pension plan, is NOT considered to be a tax-qualified plan.