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.

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