International Tax: PFICs – Video Self Study Course

Current Status
Not Enrolled
Price to Purchase
Course Individually

Course Description

This course gives detailed review to the United States tax rules for passive foreign investment companies. It will review how a foreign entity becomes a PFIC – reviewing the income and asset test for PFIC determinations, along with checklist review of what should be done when determining if a foreign entity is a PFIC

Learning Objectives

Upon successful completion of this course participant should be able to be complete the following objectives:

  • Know how to determine whether a foreign entity is a passive foreign investment company
  • Understand the default rules for PFIC taxation and elections available to alter the same (QEF and MTM elections)
  • Learn how PFIC interests are reported for tax return purposes

CPE Credits: 1 CPE for CPAs and EAs

Level: Basic

Instructional Method: Self-Study

NASBA Field of Study: Taxes

Program Prerequisites: None

Advanced Preparation: None

Revision Date: March 17, 2024