Lev, I've read your reply from a year ago "How do dual Australian/US citizens living permanently in Australia report on Australian Superannuation to the IRS". I've also read the US-Australia tax treaty that you mention. My case is a bit different, in that my Superannuation is now (mostly) a TTR from which is deducted the mandatory minimum 4% 'draw down'. I have also been retired for the last 6 years, so the build-up of my Superannuation is not through any sort of employer's contributions - just after tax inputs and gains that the fund has made over the years. I am aged 64, so my 'draw down' is not taxed in the usual sense as income normally would be. The amount that I receive is approx $40k per year as a draw down. I have just learned that I should have been declaring my Super on my USA tax returns. So, my question is - in light of the Tax Treaty's articles 18 and 19 concerning double taxation, what are my reporting requirements to the USA IRS as far as the existence of my Superannuation fund and and my income from the draw down? Thank you
I wanted to add, that since I am 64 years old, my draw down is tax free.
The reporting to the IRS that I referred to was the FBAR. Is/was it required for my Superannuation?
Have there been any changes to the IRS's view of Superannuation as being treated similarly to the 401k? And does that matter in my case?