8/14/2013

When a British professor transferred his retirement savings from a U.S. university pension to a U.K. pension plan, the U.S. Internal Revenue Service ruled it a taxable distribution and not a tax-free rollover, even though the funds were transferred directly from the U.S. plan to the U.K. plan. This case highlights a trap for unaware taxpayers making cross-border pension rollovers.

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The Tax Adviser

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