Canadian RRSP and Reporting US taxes for Dual US/Canadian Citizen

[warlord]

When I moved to the US in 1997, that was the last year I had contributed to a Canadian RRSP account I had. It was always taken care of by my father and I had forgotten about it. Now he has sent me all the information just in case anything happens to him and I'm now in control of it.

I haven't made any payments to it since 1997 and never have had it paid out or anything.

My question is since I am not retired and am not getting any payments from the RRSP (nowhere near 65), how do I declare this on my Tax form? The only information I can find is on the Federal Form 8891 which deals with payments received from the RRSP. Since I am not getting it paid out, how on earth do I let the IRS know I have an RRSP with no contributions anymore since I moved to the US and not getting anything from it.

Thanks, I am so confused as I just can't find any information on how to deal with this. Everything I've always found just said, you only report it if you get payments. But with the IRS crackdown coming up in 2014 on foreign investments and stuff, I would like to know how to let them know about this account...

 

[warlord]

Issue solved. Need to amend with forms 1040x for years back to being a USC and attaching form 8891 to each year for each RRSP account. Then need to file in FBAR 90-22.1 form for each year as well with an explanation of why I haven't done it.

Apparently when I called the treasury dept, they said this is a very common thing for new US citizens to have happen and many aren't aware they need to disclose RRSP accounts as well, so there is no issue in being late and then re-submitting all the information back to the start of being a USC.

Hope this helps other people that find themselves in the same situation...