ActivistPost – More Unofficial Capital Controls: PFIC Rules – 4 April 2015

Logo_activistpost-comBy Nick Giambruno, Senior Editor
Casey Research

It ranks at the very top of potential tax nightmares, especially if you invest internationally.

This nightmare could become a reality if you happen to invest in what the IRS deems a Passive Foreign Investment Company (PFIC), which are taxed at exorbitant rates and have highly complex reporting rules. Most foreign mutual funds are PFICs, as are certain foreign stocks.

Read the full story at: www.activistpost.com / link to original article

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