Tax Alerts

IRS simplifies procedures for Canadian retirement plans

On October 7, 2014, the Internal Revenue Service released welcome changes to simplify the reporting procedures and defer tax for US taxpayers who hold interests in two popular Canadian retirement plans. In addition, the IRS announced retroactive relief to eligible taxpayers who failed to properly choose this benefit in the past.

Find out more about the new procedures for Canadian retirement plans. [ 158 kb ]

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