![Non-US Investments [PFICs] (Across the Pond Podcast - Ep. 5) cover art](https://m.media-amazon.com/images/I/41-2nmAu-7L._SL500_.jpg)
Non-US Investments [PFICs] (Across the Pond Podcast - Ep. 5)
Failed to add items
Sorry, we are unable to add the item because your shopping cart is already at capacity.
Add to basket failed.
Please try again later
Add to Wish List failed.
Please try again later
Remove from Wish List failed.
Please try again later
Follow podcast failed
Unfollow podcast failed
Non-US Investments [PFICs] (Across the Pond Podcast - Ep. 5)
-
Narrated by:
-
By:
About this listen
It’s common for expats to own Non-US Investments (PFICs) and it’s usually a problem.
Many people relocate to the US with existing collective investments, and many acquire them later on. For example, you inherit a GBP investment account and leave it as is because the exchange rate isn’t attractive.
Unless certain steps have been taken, most PFIC distributions will be considered “Excess Distributions” and will suffer punitive tax, interest, and reporting requirements in the US. This can get VERY expensive.
If you own PFICs, address it ASAP. Waiting makes it worse! Listen to our latest episode of Across the Pond to learn more.
No reviews yet
In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.