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When do you report PFICs on FBARs?

Debra Rudd June 25, 2015

Greetings once again from the PFIC headquarters of Debra Rudd. All I would have to do is capitalize “headquarters” and I may be able to...

CFCs and MTM elections

Debra Rudd May 28, 2015

Greetings from Debra Rudd. You are receiving this email because you signed up for our weekly PFICs Only newsletter. Delivered straight to your electronic mailbox,...

Is my foreign holding company a PFIC?

Phil Hodgen May 21, 2015

Greetings from Debra Rudd. You are receiving this email because you signed up for our (new!) weekly PFICs Only newsletter. Delivered straight to your electronic...

Is my investment account a PFIC?

Debra Rudd May 14, 2015

Hello from Debra Rudd. You are receiving this message because you signed up for our PFICs Only mailing list, sent every Thursday morning at 6...

The Stealth Exit Tax, PFIC-Style

Phil Hodgen May 08, 2015

New weekly PFIC email list Yesterday, we soft-launched our new email list, PFICs Only. Every Thursday at 6 am Pacific time we will be publishing...

New weekly mailing list – PFICs Only

Phil Hodgen April 30, 2015

OK. I know that you sit around at night, gazing out of your window at the moon and yearning for more information about PFICs. Rejoice!...

Schedule D from a programmer’s point of view

Phil Hodgen April 17, 2015

Schedule D as an algorithm. An interesting perspective. Check out the carefully crafted flow chart that describes the thinking you need to do in order to...

MacBook Pro + Bank Account = PFIC

Phil Hodgen March 02, 2015

This week's episode of the Friday Edition is brought to you by the letter "S", as in Singapore, where last weekend I met with a...

How gain on disposition of a PFIC is taxed

Phil Hodgen September 18, 2011

Let's say you own PFIC stock.  (Hint:  foreign mutual funds almost certainly are PFICs.  So even normal people can own PFICs, to their absolute horror.)...

Why the steady stream of PFIC posts?

Phil Hodgen August 20, 2011

We do a lot (and I do mean a LOT) of work with PFICs -- Passive Foreign Investment Companies. As a result we have a...

Time required to prepare Form 8621

Phil Hodgen August 19, 2011

Our consistent advice to U.S. taxpayers is "Sell all of your foreign mutual funds." Foreign mutual funds are almost always Passive Foreign Investment Companies --...