Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. Foreign investments can be a minefield for American investors ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Michael Boyle is an experienced financial ...

U.S. taxpayers with investments in passive foreign investment companies (“PFICs”) often face complex and punitive tax rules. Under the default PFIC taxing regime, taxpayers must pay taxes at the ...

On Jan. 24, 2022, the Internal Revenue Service issued proposed regulations that impact certain elections available to U.S. taxpayers with respect to their indirect interests in passive foreign ...

Seemingly small details can make a big difference with income taxes. That’s why many Canada-based asset-management firms now provide their American taxpayer clients with U.S. tax information ...

The tax rules for passive foreign investment companies are complicated. Source: Rurik, Wikimedia Commons. It's good to know what a passive foreign investment company (PFIC) is, because if you're ...

Since FATCA’s implementation in 2010, investing in a Passive Foreign Investment Company (PFIC) is a questionable decision. PFICs are reportable investments and their tax regime is punitive. Under ...

The recently proposed regulations, if finalized, would govern the treatment of RICs’ income inclusions in respect of CFCs and PFICs for purposes of the income test applicable to RICs; in related ...