We have had many clients with unreported foreign mutual funds. As a result, it is…
New Webinar: An Introduction to the Taxation of Passive Foreign Investment Companies
- By : Parag Patel
Date : 28-Apr-22
Event Details
- May 9, 2022
- 3:00 pm to 4:00 pm
Many investors unknowingly invest in Passive Foreign Investment Companies (PFICs) and as a result must file IRS Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. Taxpayers are often shocked to see the degree of complexity and punitive tax rates which can arise from a nominal investment in a foreign mutual fund.
Please join us for a complimentary webinar to cover the following:
- The basics of PFIC reporting on Form 8621 with an emphasis on investments in foreign mutual funds and foreign hedge funds
- Important elections to consider when making investments in PFICs
- Practical solutions to address non-compliance or missed elections in this area
*Attendees will be able to earn 1.5 hours of NJ CPE credits in Taxation
Patel Law Offices offers a free strategy session to discuss how to resolve your legal problem. Conveniently schedule online today with our online scheduler and questionnaire.