Simplified reporting rules for Canadian retirement plan holders

On November 26, 2003, the Treasury Department and the
Internal Revenue Service issued guidance simplifying the
U.S. reporting rules that apply to U.S. persons with
interests in two common types of Canadian retirement plans.
U.S. persons holding interests in Canadian Registered
Retirement Savings Plans and Canadian Registered Retirement
Income Funds are required to include on a statement attached
to their U.S. tax returns.  The Treasury and the IRS are
developing a simple form for this information reporting.

http://www.treas.gov/press/releases/js1026.htm

The technical guidance is Notice 2003-75

http://www.irs.gov/pub/irs-drop/n-03-75.pdf

Barney Byrd

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