Serbinski Accounting Firms

Thanks for the info. Form 8621 is not mentioned.
If withdrawal is from Resp in mutual funds than Form 8621 is required or not. There is lots of discussion about mutual funds income if in resp triggers PFIC status and filing of form 8621.

i would be grateful if anyone can summarize benefits of non us person setting up resp for usc kid
from us tax perspective.
Also in such case summary of us tax filing obligation for usc kid and non us subscriber of resp

thanks

Thanks for reply. Now that my kid is withdrawing did she need to file fbar and form 3520 and form 3530a . Also mutual funds in family resp she needs to file additional forms related to mutual fund withdrawal.Her signature is requited if grants are witjdrawn. For capital withdrawal from resp I sign ....

In family resp with 3 children as benefeciaries and only one child as us citizen in family ( parents not us citizens or residents) . Family resp created by one parent A) what forms ( 3520 3520 A) us citizen kid need to file and at what age...before 18 yrs or after 18 yrs of age B) As canadian parent...