Jan 3, 2022
Over several years after the inaugural PFIC law was passed in 1986, U.S. ex-pats were free to disregard the PFIC regulations because the absence of cross-border financial transparency caused enforcement problems for the IRS.
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Over several years after the inaugural PFIC law was passed in 1986, U.S. ex-pats were free to disregard the PFIC regulations because the absence of cross-border financial transparency caused enforcement problems for the IRS.
With a wide range of local and international investment options available through the U.S. markets, it has become unnecessary for U.S. ex-pats to look further anyway. Using our strategies, you can create healthy strategies to plan your estate.
You are married filing a joint income tax return, and the total worth of your designated foreign financial assets on the concluding day of the tax year is more than $400,000, or more than $600,000 at any time during the year.
From such a diverse selection of domestic and international investment opportunities available through US markets, US expats no longer need to go elsewhere. To help you optimize your investing needs, speak with one of our skilled wealth management specialists immediately.
The Foreign Earned Income Exclusion (FEIE) is a helpful money-saving policy that you should know if you are an ex-pat. One of your main tax worries as an expatriate will be the prospect of paying taxes to the United States on income made in another country.
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