US Expat Tax in New Zealand · Topic

FIF & PFIC double-bind

Every NZ managed fund and KiwiSaver default fund is a PFIC for the IRS — while NZ taxes the same fund under FIF. These worked examples show, dollar-by-dollar, how one fund gets taxed twice, two different ways.

Guides in this cluster

Worked examples

Is Your KiwiSaver a PFIC? A Worked Example of the US Tax on a $40,000 Balanced Fund The FIF x PFIC Double-Bind: One NZ Managed Fund Taxed Twice, Two Different Ways Filling Out Form 8621 for a KiwiSaver Fund: A Line-by-Line Worked Example FDR vs Comparative Value: Which FIF Method Costs a US Expat Less (Worked Numbers)The NZD 50,000 FIF Threshold Trap for US Citizens: Exempt in NZ, Still Taxed by the IRS Do Individual NZX Shares Trigger PFIC? Air NZ vs a Smartshares ETF, Compared Every NZ Managed Fund Is a PFIC: What a $100,000 Portfolio Actually Costs at US Tax Time Is KiwiSaver a Foreign Trust or a PFIC? Two IRS Theories and What Each Costs You

← Back to all topics