Hey there! Wondering whether you need to file IRS Form 8621 every year? Well, the answer depends on whether you're a US owner of a Passive Foreign Investment Company (PFIC) and if you meet the ...
Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. The passive foreign investment company (PFIC) rules are ...
Tax compliance, especially with intricate forms like the IRS Form 8621, can be time-consuming and stressful. She mentions that for example the fee Expat Tax Tool charges for their preparation service ...
The IRS suspended FATCA (Foreign Account Tax Compliance Act) information reporting requirements for certain individuals with foreign assets and shareholders of passive foreign investment companies ...
Tax compliance can be a daunting task, especially for individuals with investments in passive foreign investment companies or qualified electing funds VIRGINIA BEACH, VA, UNITED STATES, April 7, 2025 ...