What is a PFIC? A Definitive Guide
February 5, 2021
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What Is A PFIC? Your Definitive Guide To Passive Foreign Investment Companies and Form 8621 If you have overseas investments or are considering such
Impact of Pensiones Voluntarias in Colombia on US Tax returns
January 9, 2013
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Pensiones Voluntarias ultimately results in contributions being effectively invested in shares of non-U.S. mutual funds. The problem with doing so is that the IRS treats foreign mutual funds as a Passive Foreign Investment Company (PFIC) and imposes a special, harsh tax regime on all US taxpayers who invest in PFIC’s.
What is a PFIC ?!
January 24, 2012
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What is a PFIC ?! It is one of the tools the US Government uses to discourage funds leaving the US economy. Read this article for a full explanation
