Your non-US pension plan may be a #PFIC which is reportable on #FBAR and #FATCA – spearswms.com/spears-world/u… – Think forms and high cost
— US Taxation Abroad (@TaxationAbroad) November 30, 2012
Suffice it to say that non-U.S. pensions can create big problems for U.S. citizens abroad. This is a very specialized and complex area. The earlier you consider this, the more likely you are to avoid possible problems down the road!
A “U.S. taxation of non-U.S. pension primer” may be found here.
To be forewarned is to be forearmed!
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