@vmorishetty , since there is no Tax Treaty between US and Singapore,
(a) are you a US person ( citizen/GreenCard) ?
(b) From your post it seems you are no longer a Singapore resident or citizen ?
Generally,
(a) when there is no distribution, you will still come under FBAR ( form 114 , on line at FinCen.gov ) and FATCA ( form 8938 along with your yearly return ). See here for details :
Comparison of Form 8938 and FBAR requirements | Internal Revenue Service
(b) Post distribution , you have to treat this income just like an annuity / pension ( non-qualified ) i.e. it is all taxable income for US purposes.
(c) If Singapore taxes this income/ distribution, that tax is not eligible for Foreign Tax credit / deduction because there is no tax treaty in effect.
Is there more I can do for you ?
