Skip to main content
  • 4.8 of 1000+ reviews by Trustpilot
  • Tax returns for both US and abroad
search
4.8  of 1000+ reviews by Trustpilot   ✔ Tax returns for both US and abroad
4.8  of 1000+ reviews by Trustpilot   ✔ Tax returns for both US and abroad
4.8  of 1000+ reviews by Trustpilot   ✔ Tax returns for both US and abroad
4.8  of 1000+ reviews by Trustpilot   ✔ Tax returns for both US and abroad
4.8  of 1000+ reviews by Trustpilot   ✔ Tax returns for both US and abroad
4.8  of 1000+ reviews by Trustpilot   ✔ Tax returns for both US and abroad
4.8  of 1000+ reviews by Trustpilot   ✔ Tax returns for both US and abroad
4.8  of 1000+ reviews by Trustpilot   ✔ Tax returns for both US and abroad
Deadlines
Digital nomad
FATCA
FBAR
Foreign Earned Income Exclusion
Foreign Tax Credit
Form 1040
Funds & PFIC's
Global Intangible Low Taxed Income
Self employed
Streamlined procedure
Social Security Number
Tax treaty
Taxes owed & US tax penalties
Thresholds

Newsletter

PFIC

A PFIC, or Passive Foreign Investment Company, is a type of foreign corporation that is subject to special IRS tax rules. These regulations apply to certain foreign corporations that generate passive income such as dividends, interest, and capital gains rather than active income from business operations.

If you own shares in a PFIC, you may be subject to additional tax on the company’s income or gains. There are different rules and election options that apply to PFICs, so understanding how these rules may affect your tax situation if you own shares in a PFIC is important.

Actually, there is a good short rule for having PFICs: don’t!

There are numerous good alternatives that do not result in a penalty tax; after all, the goal is for the investment to generate revenue.

Expats Overseas

Expats Overseas has a large network of CPAs with the necessary qualifications, experience, and cost-effective services. Contact us for a free and no-obligation discussion of your options.

Ready for carefree taxes?

Speak with us free of charge and of any obligation.