Passive Foreign Investment Companies: Tax 101

In this webinar, Andersen LLP partners Krista Rabidoux and Steven Flynn review tax issues and solutions for investments by U.S. persons in Canadian mutual funds, exchange-traded funds and other non-U.S. entities that are classed as Passive Foreign Investment Companies under U.S. tax law.

The webinar is designed for U.S. citizens and other U.S. persons, both for residents of Canada and elsewhere, who invest in Canadian mutual funds, ETFs and entities formed outside the U.S. Advisors to this group, including accountants, lawyers, and investment advisors may also find this webinar helpful in identifying these entities and strategies to avoid adverse U.S. tax implications.

Topics on the agenda include:

Definition of a Passive Foreign Investment Company (PFIC)
Exceptions to PFIC Rule
Mark to Market and Qualified Electing Fund Election
PFIC Tax Liability
IRS Form 8621

NOTE: This webinar highlights relevant tax issues to consider; it does not constitute tax or legal advice. If you have questions about your specific situation, we invite you to contact us to discuss your circumstances.