PASSIVE FOREIGN INVESTMENT COMPANIES (“PFICS”)

By Kaufman Accounting | February 13, 2020
A table with some pencils and papers on it

United States citizens and tax residents are discouraged from investing in Passive Foreign Investment Companies (PFICs) with primarily passive income and assets. Since 1986, the United States government has enacted a punitive regime against U.S investors investing in PFICs and one in which such investors would be subject to tax at the highest applicable marginal…

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