Foreign Pensions of US Expats and Inbound Foreign Nationals: IRS Simplifies Reporting Rules For Certain Foreign Trusts
Foreign pensions consist of several types of plans which provide alternative mechanisms for funding and calculation of benefits, including the following: Defined contribution plans: Plans funded by the employer, employee, or both, with benefits paid by the plan based solely on the amount contributed to the plan, plus or minus income, gains, expenses and losses […]