Serbinski Accounting Firms

Thank you Steve. I spoke to the IRS FBAR hotline and was surprised to know there is an FBAR requirement for RRSP's.

I understand that a US resident is required to file IRS Form 8891 in order to avoid tax on investment income in Canadian RRSP's. Does IRS Form 8891 preclude the requirement to file Form 8938 to report specified foreign financial assets?

Also, I don't think the RRSP creates a FBAR (FinCen 114 ...