After RP 2014-55, how would I fix unreported RRSPs & TFS

[Princess Claire]

I just realized I might have done a big mistake by not reporting RRSPs and TFSA on my last two US/California tax reports (2012 and 2013). What would be the procedure to get compliant?

Situation:
- Canadian citizen, US resident on TN-1 since 2012
- 4 RRSPs, 3 from employers and 1 personal
- 1 TFSA in a savings account

None of that was reported as I tought it was all protected under the tax treaty (is it?). I still have them all. Now the more I read about it, the more it confuses me. And with RP 2014-55 (discussed [url=http://forums.serbinski.com/viewtopic.php?t=8824]here[/url]) it seems to be changing.

Any advice welcomed :)

[nelsona]

RP 2014-55 has nothing to do with TFSAs, so you are still in a pickle there.

But if you filed a 1040 in 2012 and 2013, RP basically lets you of the hook.
You just need to follw FBAR rules going forward, I believe.