PFICs - US Tax Treatment of NZ & Australian Investments and Superannuation
One of the least understood, but most commonly asked about issues are PFICs - Passive Foreign Investment Companies.
These form a complex part of the US tax system, and affect both NZ and Australian based US citizens, usually due to Kiwisaver or Superannuation.
In this post, we've created an easy to watch video. If you are unsure if you may be subject to PFIC reporting, call us today.