PFICs Explained for Expats in America
About this episode
Jimmy Miller explains the complexities of PFICs for expats in America.
In this episode of Abroad in America, host Jimmy Miller, founder of Baobab Wealth Abroad, tackles one of the most confusing and punishing corners of the U.S. tax code for expats: PFICs (Passive Foreign Investment Companies). What might have been perfectly normal investments back home—mutual funds, ETFs, investment trusts, even some retirement accounts—can suddenly become some of the most complex and harshly taxed assets once you’re a U.S. tax resident. Jimmy breaks down what a PFIC actually i...
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