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April 2018 International Tax Lunch: How Foreign Mutual Funds are Taxed and Reported

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