PFIC: Passive Foreign Investment Companies
PFIC: Passive Foreign Investment Companies Explains the basics of treatment of US persons who own shares of foreign mutual funds and other PFICs. Links to more detailed videos are provided. Time Topic 00:00 Overview 01:06 PFIC Defined 02:32 3 Choices 04:16 QEF: treat like US mutual fund 05:48 Mark to Market: treat as if sold each year 06:50 Tax and interest: tax at top rates 08:34 Other issues 09:37 Form 8621 basics 11:04 Recap For a detailed technical article, see http://sfoxcpa.com/Journal-Articles.php
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