Frozen foreign retirement accounts when you immigrated and BAR and Tax

Asked over 1 year ago - Torrance, CA

If you immigrated to US and have a foreign retirement account that was fully contributed by your former employer and you can't touch it until you reach certain age - employee contribution was withdrawn while overseas . It is not a lot of money but over 10s . There has been no unreported income in the tax return . How is this affected by BAR ? Should you do anything about it ? Is this account exempted from BAR ? Any tips ?

Additional information

It is not BAR but FBAR.

Attorney answers (4)

  1. Sasha O. Lazarevich-Sinnott

    Contributor Level 12

    5

    Lawyers agree

    Answered . I do not believe that this is an immigration question.

  2. Giacomo Jacques Behar

    Pro

    Contributor Level 20

    5

    Lawyers agree

    Answered . Not an immigration question. Repost at the tax law forum.

    Behar Intl. Counsel 619.234.5962 Kindly be advised that the answer above is only general in nature cannot be... more
  3. Christian K. Lassen II

    Pro

    Contributor Level 20

    4

    Lawyers agree

    Answered . Not an immigration question.

    Only 29% Contingency Fee! Phone: 215-510-6755 www.InjuryLawyerPhiladelphia.com
  4. Alexander Joseph Segal

    Contributor Level 20

    3

    Lawyers agree

    Answered . I agree with my colleagues.

Can't find what you're looking for? Ask a Lawyer

Get free answers from experienced attorneys.

 

Ask now

24,715 answers this week

2,695 attorneys answering

Ask a Lawyer

Get answers from top-rated lawyers.

  • It's FREE
  • It's easy
  • It's anonymous

24,715 answers this week

2,695 attorneys answering