A U.S. citizen or resident alien holding an interest in a Canadian registered retirement savings plan (RRSP) or a Canadian registered retirement income fund (RRIF) who is subject to the simplified reporting rules described in Notice 2003-75, 2003-50 I.R.B. 1204, with respect to the RRSP or RRIF is relieved of any obligation to file Form 3520 to report transfers to, the ownership of, and distributions from the RRSP or RRIF. It is anticipated that most, if not all, such U.S. citizens or resident aliens will be subject to the simplified reporting rules described in Notice 2003-75.

You can access the I.R.B. on the internet at www.irs.gov (post-1995 Bulletins only). Under contents, select Businesses. Under topics, select More Topics. Then select Internal Revenue Bulletins.