Audit and accounting
Private enterprise
Understanding the filing requirements for PFICs and CFCs
U.S. persons (U.S. citizens or green card holders) living in Canada or abroad who have investments outside the U.S. should be aware of the potentially onerous tax filing requirements imposed by the IRS, and how those rules will apply to their investments. IRS rules can be particularly complex when investments in foreign companies or funds earning passive income are involved.
Jonathan Gehrts
Sep 27, 2017