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IRS Simplifies Tax Relief for Individuals in Canadian Retirement Plans (PDF)
Groom Law Group Link to more items from this source
[Guidance Overview]
Oct. 16, 2014
"The Revenue Ruling provides that 'eligible individuals' who did not previously make an election ... to defer current U.S. income taxation on the undistributed income of a Canadian retirement plan will be treated as having made the election in the first year in which the individual would have been entitled to elect the benefits ... with respect to the plan.... However, the individual must still report on their U.S. Federal income tax return any income that has accrued in the plan when it is distributed."

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