Tag Archives: Passive Foreign Income

PFIC 101: Passive Foreign Income Companies Explained

If you have investments outside of the United States, you must understand the tax obligations involved with them. Whether you’re an expat, a foreign national living in the U.S., or a U.S. resident who has foreign investments, learning about Passive Foreign Investment Companies (PFIC) can help you make wiser investment decisions and save money. The Internal Revenue Service (IRS) taxes …

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