Mar 19, 2018 | Firm Updates, International Tax
In the previous posts we introduced the passive foreign investment company (PFIC) rules and discussed how they are treated for taxation purposes. We touched on how to determine if a fund is a PFIC and the most common type of PFIC. In this post we’ll describe the...
Mar 12, 2018 | Firm Updates, International Tax
In our last post we introduced the complex international tax issues of passive foreign investment companies (PFICs) and gave a brief background on the regulations. In this blog post we’ll briefly discuss the various methods of taxation and how to make certain...
Mar 5, 2018 | Firm Updates, International Tax
Most tax issues can be difficult to navigate and understand; however, there is one set of regulations in particular that is especially complex. In the realm of international tax issues are the passive foreign investment company (PFIC) regulations, which came about as...
Feb 19, 2018 | Firm Updates, International Tax
For the past few weeks, we have been looking at foreign account reporting requirements as they relate to the FBAR and Form 8938. This week, we will look at our final example: the fictional case of Susan, a professor who taught in Australia. Susan is single and a U.S....
Feb 12, 2018 | Firm Updates, International Tax
Recently on our International Tax Blog we have been discussing foreign account reporting requirements as they relate to the FBAR and Form 8938. This week, we will look at the fictional case of Lauren, who enjoys investing in foreign stocks. Lauren is an unmarried U.S....
Feb 6, 2018 | Firm Updates, International Tax
Last week we discussed two forms that may need to be filed if you have foreign accounts. This week, we will look at the fictional case of Steve and Marie, married U.S. citizens who live in the United States but travel to Canada regularly. Steve and Marie love to...