Passive Foreign Investment Companies (PFICs) Pitfalls 2018

Live Webinar on Wednesday, June 27, 2018      (Earn 1 CPE Credit)
United States Time Zones:
1:00 p.m. – 2:00 p.m. EDT/   12:00 p.m. – 1:00 p.m. CDT /   11:00 a.m. – 12:00 a.m. MDT   /     10:00 a.m. – 11:00 a.m. PDT
Regular Registration: $99

Passive Foreign Investment Companies (PFICs) can significantly increase the income tax for individuals and domestic corporations.  PFIC inclusions do not qualify for reduced tax rates or corporate foreign income deductions.  This introductory level webinar will show you how to help your employer or clients avoid PFIC status for investments, or at least minimize the adverse impact.  You'll learn:

  • What is a PFIC?
  • Tax impact of PFIC after 2017
  • How and when to use the QEF election
  • When to use mark to market or purging elections
  • How to calculate the tax and interest charge
  • Navigating of Form 8621

Level: Basic
Prerequisite: Basic familiarity with international business
Advanced preparation: None
Delivery Method: Group Internet-Based Live
CPE/CLE Credit:  1 Credit
Field of Study: Taxes
Who Should Attend: This webinar is for CPAs in public accounting or industry who have clients or an employer with foreign investments.

Presented by:

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Stephen C. Fox, CPA, co-author of "Passive Foreign Investment Company Rules are Complex and Unforgiving" in Journal of Taxation of Investments, advises clients, including CPA firms and business entities, on international tax matters.  Steve is a Certified Public Accountant and Certified Management Accountant with over 40 years tax experience, primarily in international tax. Mr. Fox has advised clients in a wide array of industries on international structuring, foreign tax credit issues, intercompany pricing, Subpart F, international assignees, DISCs, Section 199, and inbound issues.  Steve’s clients have included AT&T, Lucent, TransTechnology, Dialogic, Carbone Lorraine, Konica, Steelcase, Interface, Brighton-Best, and others.  He is a frequent lecturer with professional tax organizations.  He authored articles appearing in Journal of Taxation, Journal of International Taxation, and other publications and the now out of print textbook Income Tax in the USA.  As Adjunct Professor of Taxation at Fairleigh Dickinson University he developed their international tax program.  Steve served as an International Tax Director with national CPA firms.  For more information visit:  http://sfoxcpa.com/