PASSIVE FOREIGN INVESTMENT COMPANY (PFIC)
Passive Foreign Investment Company PFIC REPORTING Table of Contents: Introduction How are PFIC reported on your Tax Return? Whats new for PFIC after TCJA updates? Conclusion Introduction: What is PASSIVE FOREIGN INVESTMENT COMPANY (PFIC)? Passive Foreign Investment Company is a foreign corporation based abroad that invests and makes income from passive investments. Now, the United …