Are Foreign Pension Plans Reported on the FBAR?

Are Foreign Pension Plans Reported on the FBAR?

https://www.goldinglawyers.com/reporting-foreign-pension-plans-fbar-lawyers-international-tax/

The FBAR is used to report foreign bank and financial accounts. The term ‘financial accounts’ is very broad and involves all different types of foreign accounts, including retirement plans.

As provided by the IRS:

“Example: Canadian Registered Retirement Savings Plan (RRSP), Canadian Tax-Free Savings Account (TFSA), Mexican individual retirement accounts (Fondos para el Retiro) and Mexican Administradoras de Fondos para el Retiro (AFORE) are foreign financial accounts reportable on the FBAR.”

Видео Are Foreign Pension Plans Reported on the FBAR? канала Golding & Golding. Offshore Tax. Board-Certified