Passive Foreign Investment Companies have become the bad boy of income taxation for taxpayers with foreign investments and assets. This is not your standard session on what is a PFIC and how is it taxed, it is more strategy based and give the participant a different way to look at PFICs.
The presentation will provide a discussion on some unintended PFIC consequences and some even more unintended ways to make PFICs work for your clients. We will cover an often overlooked pitfall in the QEF election as well as some ways to make the PFIC regulations benefit your client in the right situation.