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The Perils and Pitfalls of Passive Foreign Investment Company Ownership (CPA Journal) - The purpose of this article is to provide CPAs with a body of knowledge about PFICs sufficient to recognize the factors that make a foreign corporation a PFIC and to enable taxpayers to make decisions that will mitigate the U.S. federal income tax consequences of direct or indirect PFIC ownership.
10 Tech Stories You May Have Missed (Accounting Today) - Foldable tech, higher prices for G Suite, and eight other things that happened in technology this past month and how theyâll impact your clients and your firm.