Serbinski Accounting Firms

I am a US resident with a Canadian Registered Pension Plan (RPP) from my previous Canadian employer. I do not actively contribute to this plan, it only grows based on investments within the plan. I cannot withdraw it yet due to provincial rules. On the Schedule B there is a question about whether I ...

nelsona wrote:
> RPPs do not meet any of the criteria for FBAR reporting.
> I would stop including it.

Thank you. Would Form 8938 apply? The amount in the RPP did not meet the threshold last year but I expect it will this year.

I am a Canadian citizen with permanent residency in the US. Last year, my first year filing taxes in the US, I reported my undistributed Canadian defined contribution RPP on the FBAR. I am now reading that RPPs do not need to be reported on the FBAR. Is there consequences for reporting something on ...

Hi Xatham, did you resolve this? I have a similar issue as I am planning on withdrawing my Canadian RPP this year.

I entered the US on September 30 on a K1 visa. For background, a K1 visa allows the foreign holder to enter the USA for 90 days in which time they must marry a US citizen. After marriage, the foreigner can apply to adjust status to obtain permanent residency. I was married and am in the process of a...