8891 U.S. Information Return for Beneficiaries of Certain Can

Form 8891, U.S. Information Return for Beneficiaries of
Certain Canadian Registered Retirement Plans
(Rev. December 2006)

Purpose:
This is the first circulated draft of the December 2006 revision of Form
8891 for your review and comments. Form 8891 (and instructions) is being changed
from an annual form to a continuous use form beginning with the December 2006
revision. There are no major changes to the form.
TPCC Meeting:

None, but one may be arranged if requested.

Prior Version:
The 2005 Form 8891 (and instructions) is available at:
http://www.irs.gov/pub/irs-pdf/f8891.pdf
Other Products:
Circulations of draft tax forms, instructions, notices, and
publications are posted at:
http://taxforms.web.irs.gov/draft_products.html
Comments:

Please email, fax, call, or mail any comments by November 27, 2006.

Virginia M. Tarris
Tax Forms and Publications
SE:W:CAR:MP:T:I:S
Email: [email protected]
Phone: 202-283-0571

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I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 8891, PAGE 1 OF 2
MARGINS; TOP 13mm (1/2"), CENTER SIDES. PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
FLAT SIZE: 216mm (8-1/2") x 279mm (11")
PERFORATE: None
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

8891

Form
(Rev. December 2006)
Department of the Treasury
Internal Revenue Service

Action

Date

O.K. to print
Revised proofs
requested

U.S. Information Return for Beneficiaries of
Certain Canadian Registered Retirement Plans
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Name shown on Form 1040

1

Name of plan custodian

3

Address of plan custodian

Signature

OMB No. 1545-0074

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Attach to Form 1040.

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Attachment
Sequence No.

See instructions on back of form.

139

Identifying number (see instructions)

2

Account number of plan

4

Type of plan (check one box):

Registered Retirement Savings Plan (RRSP)
Registered Retirement Income Fund (RRIF)

5

Check the applicable box for your status in the plan (see Definitions in the instructions):
Beneficiary
Annuitant (Complete only lines 7a, 7b, and 8.)

6a Have you previously made an election under Article XVIII(7) of the U.S.–Canada income tax treaty to
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defer U.S. income tax on the undistributed earnings of the plan?
b If “Yes,” enter the first year the election came into effect

Yes

No

and go to line 7a. If “No,” go to line 6c.

c If you have not previously made the election described on line 6a above, you can make an irrevocable
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election for this year and subsequent years by checking this box

7a Distributions received from the plan during the year. Enter here and include on Form 1040,
line 16a

7a

b Taxable distributions received from the plan during the year. Enter here and include on
Form 1040, line 16b

7b

8

9
10

Plan balance at the end of the year. If you checked the “Annuitant” box on line 5, the “Yes” box
on line 6a, or the box on line 6c, stop here. Do not complete the rest of the form

8

Contributions to the plan during the year

9

Undistributed earnings of the plan during the year:

a Interest income. Enter here and include on Form 1040, line 8a

10a

b Total ordinary dividends. Enter here and include on Form 1040, line 9a

10b

c Qualified dividends. Enter here and include on Form 1040, line 9b

10c

d Capital gains. See the instructions for Form 1040, line 13, for how to report

10d

e Other income. Enter here and include on Form 1040, line 21. List type and amount

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10e
For Paperwork Reduction Act Notice, see page 2.

Cat. No. 37699X

Form

8891

(Rev. 12-2006)

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I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 8891, PAGE 2 OF 2
MARGINS; TOP 13mm (1/2"), CENTER SIDES. PRINTS: HEAD TO HEAD
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
FLAT SIZE: 216mm (8-1/2") x 279mm (11")
PERFORATE: None
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Form 8891 (Rev. 12-2006)

General Instructions

Page

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Specific Instructions

Section references are to the Internal Revenue Code.

All amounts listed must be in U.S. dollars.

Purpose of Form

Name

Form 8891 is used by U.S. citizens or residents (a) to report
contributions to Canadian registered retirement savings plans
(RRSPs) and registered retirement income funds (RRIFs), (b)
to report undistributed earnings in RRSPs and RRIFs, and (c)
to report distributions received from RRSPs and RRIFs. See
Notice 2003-75, which is available at www.irs.gov.

Form 8891 also may be used to make an election pursuant
to Article XVIII(7) of the U.S.-Canada income tax treaty to
defer U.S. income tax on income earned by an RRSP or an
RRIF that has been accrued, but not distributed. The
procedures for making the election are described in Revenue
Procedure 2002-23, which is available at www.irs.gov.
Taxpayers who have not previously made the election under
Revenue Procedure 2002-23 may make it on this form.

Who Must File

2

Even if you are filing a joint Form 1040 with your spouse,
enter only your name.

Identifying number

Enter your U.S. social security number (SSN) or individual
taxpayer identification number (ITIN). Do not enter a
Canadian identifying number.

Beneficiaries

A beneficiary who has previously made the election to defer
income on the plan or is making it initially by checking the
box on line 6c, must only complete lines 1 through 8 of the
form.

Annuitants

Form 8891 must be completed and attached to Form 1040
by any U.S. citizen or resident who is a beneficiary of an
RRSP or RRIF. A U.S. citizen or resident who is an annuitant
of an RRSP or RRIF must file the form for any year in which
he or she receives a distribution from the RRSP or RRIF.

If you are treated as an annuitant for purposes of this form
(see Definitions), you should complete only lines 1 through 5,
7a, 7b, and 8.

A separate Form 8891 must be filed for each RRSP or
RRIF for which there is a filing requirement. If you and your
spouse both must file Form 8891, you each must file a
separate Form 8891.

If the election you made previously was made under Rev.
Proc. 89-45, check the “No” box. If an election (other than an
election under Rev. Proc. 89-45) was made for an RRSP, and
amounts from the RRSP were rolled over tax-free to an RRIF
or another RRSP, the election is considered to have been
made for the plan which received the tax-free rollover.

Definitions
Beneficiary. A beneficiary of an RRSP or RRIF is an
individual who is subject to current U.S. income taxation on
income accrued in the RRSP or RRIF or would be subject to
current income taxation had the individual not made the
election under Article XVIII(7) of the U.S.–Canada income tax
treaty to defer U.S. income taxation of income accrued in the
RRSP or RRIF.
Annuitant. For purposes of this form, an annuitant of an
RRSP or RRIF is an individual who is designated pursuant to
the RRSP or RRIF as an annuitant and is not also a
beneficiary as defined above.

Record Retention
Taxpayers must retain supporting documentation relating to
the information reported on Form 8891, including Canadian
forms T4RSP, T4RIF, or NR4, and periodic or annual
statements issued by the custodian of the RRSP or RRIF.

Other Reporting Requirements
Pursuant to section 6048(d)(4), annuitants and beneficiaries
who are required to file Form 8891 will not be required to file
Form 3520, and will not be subject to the associated
penalties described in section 6677 on such RRSPs or
RRIFs.
You may be required to file Form TD F 90-22.1. See the
instructions for Form 1040.

Line 6

Line 7(b)
For information on figuring taxable distributions, see section
72 and Pub. 939, General Rule for Pensions and Annuities.

Paperwork Reduction Act Notice
We ask for the information on this form to carry out the
Internal Revenue laws of the United States. You are required
to give us the information. We need it to ensure that you are
complying with these laws and to allow us to figure and
collect the right amount of tax.
You are not required to provide the information requested
on a form that is subject to the Paperwork Reduction Act
unless the form displays a valid OMB control number. Books
or records relating to a form or its instructions must be
retained as long as their contents may become material in
the administration of any Internal Revenue law. Generally, tax
returns and return information are confidential, as required by
Internal Revenue Code section 6103.
The average time and expenses required to complete and
file this form will vary depending on individual circumstances.
For the estimated averages, see the instructions for your
income tax return.
If you have suggestions for making this form simpler, we
would be happy to hear from you. See the Instructions for
your income tax return.

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