
PFICs (Passive Foreign Investment Company or Qualified Electing Fund)
PFIC stands for Passive Foreign Investment Company, and it is a term used by the IRS to describe certain foreign corporations. A PFIC is any
PFIC stands for Passive Foreign Investment Company, and it is a term used by the IRS to describe certain foreign corporations. A PFIC is any
As US citizens and residents with financial accounts overseas, there are certain reporting requirements you need to be aware of. One of the most important
FATCA (Foreign Account Tax Compliance Act) is a federal law that requires US taxpayers to report their foreign financial accounts and offshore assets to the
The 1040 form is the same for Individual US Expats living abroad as it is for US Citizens or Green Card Holders living in the