03-12-2015, 07:11 AM
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Verified Member
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Join Date: Dec 2015
Posts: 15
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Taxation for American PR's CPF fund
I wonder if anyone knows this: What is the IRS taxation policy for the CPF fund held by a PR who is an American citizen? Do Americans need to pay tax on all the employer contribution and the earned interest? Thanks in advance.
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03-12-2015, 12:49 PM
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Quote:
Originally Posted by kelvinfrog
I wonder if anyone knows this: What is the IRS taxation policy for the CPF fund held by a PR who is an American citizen? Do Americans need to pay tax on all the employer contribution and the earned interest? Thanks in advance. |
Yes. CPF employer contributions as well as earned interest are taxable by the IRS.
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