The Truth About Foreign Mutual Funds & Reasons Expats Should Avoid Them

ByRandall Brody Expat Taxes, Expat Wealth Management

I recently co-authored an article with Michael J. DeBlis III, Esq., entitled, Understanding The PFIC Rules And The Implications of Owning Foreign Mutual Funds that appeared in the September 8, 2016 edition of Global Tax Weekly.

Michael J. DeBlis III, Esq., is a partner at DeBlis Law and an expert in tax controversies including the field of foreign asset reporting and OVDP disclosures. Click here to learn more about DeBlis Law and the services that Randall Brody provides.

To learn more about PFICs, please feel free to check out these additional articles that you may find of interest:

What Is A PFIC?

PFIC Pitfalls

Form 8621

Wrapping It Up

If you’re investing outside the U.S. or considering foreign investments, make sure that you understand the U.S. tax implications. This will help to reduce unnecessary interest and income tax. Remember that the tax rules for U.S. expats are complex and can be confusing. Check with a tax professional to ensure you’re always on top of your tax obligations.

Tax Samaritan aims to provide our clients with the best counsel, advocacy, and personal service. We are not only expat tax preparation and representation experts but strive to become valued business partners. Tax Samaritan understands our clients’ unique needs; every tax situation requires a personal approach to providing realistic and effective solutions.

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Randall Brody

All About Randall Brody

Randall is the Founder of Tax Samaritan, a boutique firm specializing in the preparation of taxes and the resolution of tax problems for Americans living abroad, as well as the other unique tax issues that apply to taxpayers. Here, they help taxpayers save money on their tax returns.