Chance to comment to IRS about PFIC (until Nov 19)

[TJKansai]

From Democrats abroad, but of course this is for all expat Americans:

This week you can contact the IRS to tell them to fix the regime that punitively taxes investments for Americans abroad. This comment period only comes once every 3 years so act quickly, deadline Nov 19.

Click here to tell the IRS to stop punitively taxing investments for Americans abroad. Deadline Nov 19!

Investing and saving for retirement, a rainy day, or just to pad your nest egg is essential for achieving financial security. But punitive taxation and reporting on non-US investment funds creates an unnecessary burden for ordinary middle class Americans abroad just trying to engage in responsible financial planning.

This is a critical opportunity for your voice to be heard on why PFIC Form 8621 is confusing, burdensome, and how it affects you as an American abroad just trying to save for your future.

Here’s all you need to do:

Send an email to pra.comments@irs.gov with the subject “OMB control number 1545-1002”
Write your comments in the email! The more personal the better.
Don’t forget to BCC taxationtf@democratsabroad.org

Comments close November 19, be sure to submit before the deadline! For more information, see the notice on the Federal Register.

https://www.federalregister.gov/documen ... eturn-by-a

[TokyoWart]

Thanks for this reminder. I just submitted my comments.