foreign funds

Understanding PFIC rules for US investors in foreign funds (reporting, penalties, compliance)

Have you ever invested in foreign mutual funds or offshore portfolios and wondered how US tax rules might affect you? Navigating the complexities of PFIC (Passive Foreign Investment Company) regulations can be daunting, especially when it comes to r…

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Form 8621 PFIC reporting pitfalls (foreign funds, compliance, penalties)

Have you ever wondered how complicated it can get when reporting foreign investment income on your tax return? If you’re invested in Passive Foreign Investment Companies (PFICs), navigating Form 8621 can feel like walking through a minefield of comp…

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