» Passive Foreign Investment Companies (PFICs)
PFIC 101: How to Avoid PFIC Excess Distribution Interest Penalties
June 25th, 2018
Once U.S. taxpayers identify passive foreign investment company assets in their portfolio, the next logical step is to minimize the tax consequences connected to those assets. At the top of the list is finding a way to avoid PFIC excess distribution…
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PFIC 101: How to Tell if You Have PFIC Stock Interests
June 11th, 2018
It may seem easy to know whether a U.S. taxpayer has stock interests overseas. You may think that you will cross that bridge if and when you decide to invest in a foreign investment company. But you may have PFIC stock interests you don’t recog…
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PFIC 101: Reporting PFIC Tax Obligations for Foreign Stockholders
May 24th, 2018
When U.S. taxpayers own stock in foreign mutual funds and other investment companies, they may know the income from those assets need to be reported to the IRS. They may even know they can be taxed on that foreign income. But for many U.S. shareholde…
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PFIC 101: What is a Passive Foreign Investment Company?
May 10th, 2018
When U.S. taxpayers own or have interest in foreign assets overseas, it can raise reporting and tax consequences they don’t expect. FBARs and foreign asset reporting requirements can leave taxpayers worrying about what other legal obligations they…
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