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How Foreign Mutual Funds are Taxed and Reported

Foreign mutual funds typically are classified as passive foreign investment companies (PFICs) for US tax purposes. PFICs have a notoriously punitive tax treatment. Learn why foreign mutual funds are PFICs, and how to compute income and tax under the mark-to-market method of PFIC taxation. Lastly, learn how to prepare Form 8621 to report income from foreign mutual funds.

Presenter: Debra Rudd

Materials: Dropbox