Search found 3 matches

by Frommontreal2AZ
Mon Mar 04, 2024 1:33 pm
Forum: Canada / United States Tax & Accounting
Topic: Living in US for 15 years - Just tuning into RRSP challenge!
Replies: 9
Views: 3466

Re: Living in US for 15 years - Just tuning into RRSP challenge!

Moved to US from Canada in 1999. Submitted FBARs for the last 6 years. Liquidated my rrsp and rrif last year and purchased a second home in Canada. 25% tax was withheld for Canadian taxes. What must I now submit to irs for 2023 taxes? I understand form 8891 is no longer required.
by Frommontreal2AZ
Tue May 23, 2023 8:41 pm
Forum: Canada / United States Tax & Accounting
Topic: How to withdraw rrsp now living in US
Replies: 3
Views: 1556

Re: How to withdraw rrsp now living in US

Many thanks for the detailed reply.
I am from Quebec. Are you familiar with their rules?
by Frommontreal2AZ
Tue May 23, 2023 6:20 pm
Forum: Canada / United States Tax & Accounting
Topic: How to withdraw rrsp now living in US
Replies: 3
Views: 1556

How to withdraw rrsp now living in US

I am 60 yrs old dual citizen receiving disability in Arizona. I have lived in the US 24 years and have $180K rrsp and $70k lira in Canada. I want to understand the most tax effective way to withdraw this amount as I expect low revenue for the next several years. I have never notified the irs of my r...