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Advising International Business Ventures: Passive Foreign Investment Companies (PFICs)

In International Tax, PFIC by Jason B. FreemanLeave a Comment

Freeman Law frequently advises international business ventures. International operations often give rise to unique (and sometimes unanticipated) compliance obligations and complex reporting requirements. Recent tax reform rules and regulations have imposed a number of new requirements.  This post focuses on, and provides a short introduction to, the Passive Foreign Investment Company (“PFIC”) rules.   U.S. taxpayers investing in foreign corporations may …