What could go wrong with investing in a mutual fund? PLENTY if you're an American living abroad. I was on the Goldstein on Gelt Show to help you understand why.
Listen here: http://goldsteinongelt.com/investing-basics-strategies/the-dangers-of-pfics-passive-foreign-investment-company
Virtually any investment made by a US person outside the US will have US tax and/or reporting obligations. Here is a link to the foreign investment chart we put together to help US citizens navigate the myriad of potential reporting obligations.
Have questions? Contact us today to schedule a consultation.
©2018 SDC, LLC www.sdcglobalcpa.com
This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult tax, legal and accounting advisors before engaging in any transaction.