IRS and foreign pensions

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eortlund
Posts: 272
Joined: Tue Aug 07, 2007 12:18 pm

IRS and foreign pensions

Post by eortlund »

How does the IRS view a foreign employer-sponsored pension? Is it protected from tax on gains and PFIC rules like the RRSP? Or is it viewed more like other foreign investments?
nelsona
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Post by nelsona »

It is protected.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
eortlund
Posts: 272
Joined: Tue Aug 07, 2007 12:18 pm

Post by eortlund »

Thanks! We are actually moving to the UK this summer. I know this is a forum for US-Canada, but do you know if the IRS will view a UK employer pension the same way?
nelsona
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Post by nelsona »

I do not. Either of course would be subject to FATCA regs.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
eortlund
Posts: 272
Joined: Tue Aug 07, 2007 12:18 pm

Post by eortlund »

FATCA regulations meaning FBAR reporting?
nelsona
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Post by nelsona »

No, FBAR and FATCA are separate. happy browsing.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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