Offshore Investments, U.S. Tax Traps: What Every American Must Know
Virginia La Torre Jeker, J.D.
US International Tax (NY Bar 1984- current), Forbes Contributor, Forbes, Top 100 Tax Twitter Accounts; Bloomberg Tax Pro to Follow and Bloomberg Tax Author; Quoted NYT, WSJ, Newsweek
The overseas investment landscape is often littered with enticing sales pitches from expat investment advisors who, more often than not, lack a deep understanding of #UStaxlaw This can cause big tax headaches for the uninformed US taxpayer who unwittingly finds himself invested in a tax punitive "passive foreign investment company" - and it can happen quite easily. Full details at my blog post here.
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#PFIC #ustax #foreign #OffshoreInvestments #foreignlifeinsurance #foreignmutualfund
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All the US tax information you need, every week –
Forbes Contributor, US International Tax
Named by Forbes, Top 100 Must-Follow Tax Twitter Accounts @VLJeker
Named by Bloomberg, Tax Professionals to Follow on LinkedIn
Subscribe to Virginia – US Tax Talk ?to receive my weekly US tax blog posts in your inbox. My blog specializes in foreign and US international tax issues.
You can access my papers on the Social Science Research Network (SSRN) at https://ssrn.com/author=2779920
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Lawyer in private practice
6 个月Let everyone remember and give homage to the late John C. Bogle. How many investments beat S&P 500 Index funds over time? Jim Simons did, but he was special. Berkshire Hathaway comes close and is a good proxy that avoids PFIC and foreign PFIC-like taxes. "Exciting sales pitches" are expensive and more often than not demolish the expected profit to the investor.