PFIC:  Passive Foreign Investment Companies
Channel: International Tax
Date: 2016-07-16

PFIC:  Passive Foreign Investment Companies
Explains the basics of treatment of US persons who own shares of foreign mutual funds and other PFICs.  Links to more detailed videos are provided.
Time   Topic
00:00  Overview
01:06  PFIC Defined
02:32  3 Choices
04:16  QEF: treat like US mutual fund
05:48  Mark to Market:  treat as if sold each year
06:50  Tax and interest:  tax at top rates
08:34  Other issues
09:37  Form 8621 basics
11:04  Recap

For a detailed technical article, see http://sfoxcpa.com/Journal-Articles.php