"One of the preliminary questions that a U.S. Taxpayer must consider in determining how to report a foreign retirement plan -- and which tax forms to file -- is whether or not the retirement plan is considered an employment retirement plan or a personal retirement plan. The U.S. government generally provides better tax treatment for employment-based retirement plans such as a 401-K equivalent than it does for personal retirement plans where the foreigner invests in foreign mutual fund-wrapped 'personal' retirement plans."  MORE >>