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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 …

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