Has 8891 for RRSPs been totally removed or partially?

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ChromiumDioxide
Posts: 36
Joined: Mon Apr 07, 2014 6:43 pm

Has 8891 for RRSPs been totally removed or partially?

Post by ChromiumDioxide »

ON here https://www.irs.gov/uac/newsroom/irs-re ... tions-2015

it says this:
"The IRS has eliminated a special annual reporting requirement that has long applied to taxpayers who hold interests in either of two popular Canadian retirement plans. This is part of an IRS change announced in October making it easier for taxpayers with these plans to get favorable U.S. tax treatment. As a result, many Americans and Canadians with registered retirement savings plans (RRSPs) and registered retirement income funds (RRIFs) no longer need to file Form 8891 each year reporting details on these plans. This change does not affect any other reporting requirements that may apply, such as FinCEN Form 114 and Form 8938."

Specifically it says: " as a result many Americans and Canadians ...."

it doesn't say "as a result Americans and Canadians .." nor does it say "as a result all Americans and Canadians..".

Hence by specifically using the word "many" it implies that it does not apply to all, and that therefore some people do still need to file an 8891 if they have an RRSP.

Is this just sloppy and imprecise use of the English language and 100% of people with an RRSP no longer need to file 8891? If not then who still does actually need to file an 8891?
nelsona
Posts: 18363
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

C'mon. This is a blurb. Read the entire notice if you prefer.
It is using "many" in place or a specific number. It probably should have read "the many"
Besides, it applies to ANY US taxpayer with RRSPs, not just Americans or Canadians.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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