IRS Form 8891 "U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans"

What Is IRS Form 8891?

This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on December 1, 2012. As of today, no separate filing guidelines for the form are provided by the IRS.

Form Details:

  • A 2-page form available for download in PDF;
  • Actual and valid for filing 2020 taxes;
  • Additional instructions and information can be found on page 2 of the document;
  • Editable, printable, and free;

Download a fillable version of IRS Form 8891 through the link below or browse more documents in our library of IRS Forms.

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Download IRS Form 8891 "U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans"

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8891
U.S. Information Return for Beneficiaries of
OMB No. 1545-0074
Form
Certain Canadian Registered Retirement Plans
(Rev. December 2012)
Attach to Form 1040.
For calendar year 20
, or tax year beginning
, 20
, and ending
, 20
.
Attachment
Department of the Treasury
139
Information about Form 8891 and its instructions is at www.irs.gov/form8891.
Sequence No.
Internal Revenue Service
Name as shown on Form 1040
Identifying number (see instructions)
Address
1
Name of plan custodian
2
Account number of plan
3
Address of plan custodian
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.)
6 a Have you previously made an election under Article XVIII(7) of the U.S.-Canada income tax treaty to
defer U.S. income tax on the undistributed earnings of the plan?
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Yes
No
b If “Yes,” enter the first year the election came into effect
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
election for this year and subsequent years by checking this box
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7 a Distributions received from the plan during the year. Enter here and include on Form 1040, line
16a .
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7a
b Taxable distributions received from the plan during the year. Enter here and include on Form
1040, line 16b
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7b
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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 .
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8
9
9
Contributions to the plan during the year
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10
Undistributed earnings of the plan during the year:
a Interest income. Enter here and include on Form 1040, line 8a
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10a
b Total ordinary dividends. Enter here and include on Form 1040, line 9a
10b
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c Qualified dividends. Enter here and include on Form 1040, line 9b .
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10c
d Capital gains. Enter here and include on Form 1040, line 13 .
10d
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e Other income. Enter here and include on Form 1040, line 21. List type and amount
10e
8891
For Paperwork Reduction Act Notice, see instructions.
Form
(Rev. 12-2012)
Cat. No. 37699X
8891
U.S. Information Return for Beneficiaries of
OMB No. 1545-0074
Form
Certain Canadian Registered Retirement Plans
(Rev. December 2012)
Attach to Form 1040.
For calendar year 20
, or tax year beginning
, 20
, and ending
, 20
.
Attachment
Department of the Treasury
139
Information about Form 8891 and its instructions is at www.irs.gov/form8891.
Sequence No.
Internal Revenue Service
Name as shown on Form 1040
Identifying number (see instructions)
Address
1
Name of plan custodian
2
Account number of plan
3
Address of plan custodian
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.)
6 a Have you previously made an election under Article XVIII(7) of the U.S.-Canada income tax treaty to
defer U.S. income tax on the undistributed earnings of the plan?
.
.
.
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.
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.
Yes
No
b If “Yes,” enter the first year the election came into effect
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
election for this year and subsequent years by checking this box
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7 a Distributions received from the plan during the year. Enter here and include on Form 1040, line
16a .
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7a
b Taxable distributions received from the plan during the year. Enter here and include on Form
1040, line 16b
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7b
8
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 .
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8
9
9
Contributions to the plan during the year
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10
Undistributed earnings of the plan during the year:
a Interest income. Enter here and include on Form 1040, line 8a
.
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.
.
.
.
.
.
.
.
10a
b Total ordinary dividends. Enter here and include on Form 1040, line 9a
10b
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c Qualified dividends. Enter here and include on Form 1040, line 9b .
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10c
d Capital gains. Enter here and include on Form 1040, line 13 .
10d
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e Other income. Enter here and include on Form 1040, line 21. List type and amount
10e
8891
For Paperwork Reduction Act Notice, see instructions.
Form
(Rev. 12-2012)
Cat. No. 37699X
2
Form 8891 (Rev. 12-2012)
Page
Specific Instructions
Section references are to the Internal Revenue Code.
Future Developments
All amounts listed must be in U.S. dollars.
For the latest information about developments related to Form
Name and Address
8891 and its instructions, such as legislation enacted after they
were published, go to www.irs.gov/form8891.
Enter your name and address as shown on Form 1040. Even if
you are filing a joint Form 1040 with your spouse, enter only
General Instructions
your name.
Identifying number
Purpose of Form
Enter your U.S. social security number (SSN) or individual
Form 8891 is used by U.S. citizens or residents (a) to report
taxpayer identification number (ITIN). Do not enter a Canadian
contributions to Canadian registered retirement savings plans
identifying number.
(RRSPs) and registered retirement income funds (RRIFs), (b) to
report undistributed earnings in RRSPs and RRIFs, and (c) to
Beneficiaries
report distributions received from RRSPs and RRIFs. See
A beneficiary who previously made the election to defer income
Notice 2003-75, which is available at IRS.gov.
on the plan or is making it initially by checking the box on line 6c
Form 8891 also can be used to make an election pursuant to
must only complete lines 1 through 8 of the form.
Article XVIII(7) of the U.S.-Canada income tax treaty to defer
Annuitants
U.S. income tax on income earned by an RRSP or an RRIF that
has been accrued, but not distributed. Taxpayers who have not
If you are treated as an annuitant for purposes of this form (see
previously made the election can make it on this form by
Definitions), you should complete only lines 1 through 5, 7a, 7b,
checking the box on line 6c.
and 8.
Who Must File
Line 6(a)
Form 8891 must be completed and attached to Form 1040 by
If the election you made previously was made under Rev. Proc.
any U.S. citizen or resident who is a beneficiary of an RRSP or
89-45, check the “No” box. If an election (other than an election
RRIF. Do not file Form 8891 by itself.
under Rev. Proc. 89-45) was made for an RRSP, and amounts
A U.S. citizen or resident who is an annuitant of an RRSP or
from the RRSP were rolled over tax-free to an RRIF or another
RRIF must file the form for any year in which he or she receives
RRSP, the election is considered to have been made for the
a distribution from the RRSP or RRIF.
plan which received the tax-free rollover.
A separate Form 8891 must be filed for each RRSP or RRIF
Line 6(c)
for which there is a filing requirement. If you and your spouse
are both required to file Form 8891, each of you must complete
If you did not make the election under Article XVIII to defer
and attach a separate Form 8891 to Form 1040, even if you file
income tax on income earned by an RRSP or an RRIF in a
a joint return.
previous year, you cannot make a late election on Form 8891.
However, you may be able to seek relief from the IRS for failure
Definitions
to timely elect the deferral of income on Form 8891 in an earlier
Beneficiary. A beneficiary of an RRSP or RRIF is an individual
year.
who is subject to current U.S. income taxation on income
Line 7(b)
accrued in the RRSP or RRIF or would be subject to current
income taxation had the individual not made the election under
For information on figuring taxable distributions, see section 72
Article XVIII(7) of the U.S.-Canada income tax treaty to defer
and Pub. 939, General Rule for Pensions and Annuities.
U.S. income taxation of income accrued in the RRSP or RRIF.
Annuitant. For purposes of this form, an annuitant of an RRSP
Paperwork Reduction Act Notice
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
We ask for the information on this form to carry out the Internal
above.
Revenue laws of the United States. You are required to give us
the information. We need it to ensure that you are complying
Record Retention
with these laws and to allow us to figure and collect the right
amount of tax.
Taxpayers must retain supporting documentation relating to the
information reported on Form 8891, including Canadian forms
You are not required to provide the information requested on
T4RSP, T4RIF, or NR4, and periodic or annual statements
a form that is subject to the Paperwork Reduction Act unless
issued by the custodian of the RRSP or RRIF.
the form displays a valid OMB control number. Books or
records relating to a form or its instructions must be retained as
Other Reporting Requirements
long as their contents may become material in the
administration of any Internal Revenue law. Generally, tax
Pursuant to section 6048(d)(4), annuitants and beneficiaries
returns and return information are confidential, as required by
who are required to file Form 8891 will not be required to file
Internal Revenue Code section 6103.
Form 3520 and will not be subject to the associated penalties
described in section 6677 on such RRSPs or RRIFs.
The average time and expenses required to complete and file
this form will vary depending on individual circumstances. For
You may be required to file Form TD F 90-22.1, Report of
the estimated averages, see the instructions for your income tax
Foreign Bank and Financial Accounts. You may also be required
return.
to file Form 8938, Statement of Specified Foreign Financial
Assets, for other Canadian assets not reported on this Form
If you have suggestions for making this form simpler, we
8891. For more information, see the instructions for Schedule B
would be happy to hear from you. See the instructions for your
(Form 1040A or 1040) at www.irs.gov/form1040, and the
income tax return.
instructions for Form 8938 at www.irs.gov/form8938.
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