By Peggy Creveling, CFA and Chad Creveling, CFA This article is for general information purposes only. Please consult with the U.S. Social Security Administration for the most up-to-date information on your situation. By Chad Creveling, CFA and Peggy Creveling, CFA While most expat Americans are aware of the Foreign Account Tax Compliance Act (FATCA) and the increased reporting requirements for foreign holdings, many are still unaware of the IRS’s particularly harsh tax treatment of foreign-incorporated investments such as overseas mutual funds and pension plans. As a direct consequence of increased reporting from FATCA, we are also likely to see more rigorous enforcement of the IRS’s Passive Foreign Investment Corporation (PFIC) rules. This article is intended to help you understand PFIC rules so that you can minimize the U.S. tax consequences of investing overseas and avoid penalties, both now and over the long run. By Chad Creveling, CFA and Peggy Creveling, CFA This article is for general information purposes only and is not intended as specific tax advice. Please consult your tax advisor for advice relevant to your situation. By Peggy Creveling, CFA and Chad Creveling, CFA By Peggy Creveling, CFA and Chad Creveling, CFA Creveling & Creveling protects its clients’ privacy. The following is a fictitious example designed to demonstrate the type of financial decision-making required to achieve financial security and does not refer to any specific case. By Chad Creveling, CFA and Peggy Creveling, CFA “I don’t open U.S. accounts, period,” said Su Shan Tan, head of private banking at Singapore-based DBS―Southeast Asia’s largest lender―in a recent Bloomberg article. By Peggy Creveling, CFA and Chad Creveling, CFA By Chad Creveling, CFA and Peggy Creveling, CFA This article is for general informational purposes only and is not intended as specific tax advice. Please consult your tax advisor for advice relevant to your situation. By Chad Creveling, CFA, and Peggy Creveling, CFA At some point, those of us living overseas may consider investing in one of the many offshore investment schemes that are actively marketed to expatriates. And it’s understandable why—the promotional literature for these plans can be pretty compelling. The sales pitch might go something like this:What Expat Americans with Foreign Spouses Need to Know About Social Security
Submitted by Creveling & Creveling Private Wealth Advisory on July 29th, 2013
American Expats: Don’t Get Caught by U.S. Tax Rules on Foreign Investments
Submitted by Creveling & Creveling Private Wealth Advisory on April 10th, 2013
Should American Expats Give Up Their U.S. Citizenship?
Submitted by Creveling & Creveling Private Wealth Advisory on March 12th, 2013
American Expats with Foreign Spouses: Choosing Your US Tax Filing Status
Submitted by Creveling & Creveling Private Wealth Advisory on February 28th, 2013
By Chad Creveling, CFA and Peggy Creveling, CFA
Tips for Thai Expats: Use RMFs and LTFs to Save on Thai Taxes
Submitted by Creveling & Creveling Private Wealth Advisory on October 29th, 2012
Expat Case Study: Is USD 2 Million Enough for an Expat To Retire At Age 40 in Bangkok?
Submitted by Creveling & Creveling Private Wealth Advisory on August 27th, 2012
For American Expats: What to Do If Your Private Banker Tells You to Go Away
Submitted by Creveling & Creveling Private Wealth Advisory on May 22nd, 2012
Thai Provident Funds Explained
Submitted by Creveling & Creveling Private Wealth Advisory on October 24th, 2011
Non-Deductible IRA: A Backdoor Roth for U.S. Expat High-Income Earners
Submitted by Creveling & Creveling Private Wealth Advisory on September 6th, 2011
Five Things to Consider Before Buying Offshore Investment Schemes
Submitted by Creveling & Creveling Private Wealth Advisory on January 31st, 2011
© 2025 Creveling & Creveling Private Wealth Advisory. All rights reserved.
