Is Foreign Life Insurance Taxable in the US? Venar Ayar, JD, LLM (Tax) June 17, 2016 No Comments Owning a foreign life insurance policy is not itself a taxable event. The tax arrives when a policy that is life insurance under foreign law fails the numerical tests in… Read more
How the OVDP Works With Passive Foreign Investment Companies (PFIC) Venar Ayar, JD, LLM (Tax) February 12, 2016 No Comments If you’re a U.S. citizen who has lived or done business outside the U.S. it may have seemed like a good idea to invest in a mutual fund over there,… Read more
