amending returns

[cinca]

I want to thank everyone for the very helpful information on this discussion board. It is much appreciated.

I have learned, with your help that I have many amended tax returns to file, because I did not understand the treatment of RRSPs in the US. I wrongly thought that they were like ira or 401(k) accounts.

Have I correctly identified the years for which I must amend my returns;

(1) Federal – returns for 2001 through 2006 (six years)
(2) California State – returns for 2003 through 2006 (four years)

I will be filing the amended federal returns as outlined in other threads, in order to defer tax on undistributed earnings in the RRSP. For the amended California returns, I will need to report the earnings in the RRSP as income and pay the resulting taxes, interest and penalties. Sound approach?

Thanks

[nelsona]

Yes