US Tax Issues for Americans with UK ISA Savings Accounts скачать в хорошем качестве

US Tax Issues for Americans with UK ISA Savings Accounts

📞 Book a Strategy Call: https://optimiseaccountantsltd.as.me/... 🌐 Visit Optimise Accountants: https://internationaltaxesadvice.com/# ⟢ Most Americans in the UK still don’t realise that a standard UK ISA can trigger punitive PFIC tax rates of up to 37%+ and mandatory Form 8621 reporting, according to IRS data and multiple expat tax studies. It catches out high-earning families every single year — especially those with long-held UK pensions, OEICs, investment platforms, or stocks wrapped inside ISAs. You’re taxed by the IRS no matter where you live, and the PFIC regime is one of the most aggressive parts of the U.S. tax code. The UK treats ISAs as tax-free; the U.S. does not. This mismatch creates “phantom income” taxation, annual filings, and a serious risk of penalties if Form 8621 is missed. At Optimise Accountants, we guide Americans and dual-filers through this mess with practical, plain-English advice. We’ve supported thousands of U.S. and UK expats facing PFIC exposure across ISAs, UK pensions, ETFs, and passive investment platforms. Here’s the plan we use with clients facing PFIC risk: Identify PFIC-exposed investments across ISAs, pensions, and platforms File accurate Form 8621s to prevent penalties Restructure investments to IRS-friendly alternatives that avoid punitive taxation Why it matters: Ignoring PFIC rules can lead to unlimited statute periods, interest-loaded tax charges, and the IRS treating your gains as taxable even if you never sold anything. Getting it right, however, protects your wealth, preserves your returns, and ensures your UK investments remain viable for long-term planning. Key points referenced in this video include: • IRS Form 8621 (PFIC filing requirement) • PFIC excess distribution rules • Interaction between UK ISA rules and U.S. global tax reporting • Impact on Americans with UK pensions, investment funds, and offshore ETFs • Comparative PFIC treatment highlighted by major firms including Deloitte, EY, KPMG, and PwC • Cross-border conflict between UK tax-free wrappers and the IRS worldwide income regime Useful resources: https://www.optimiseaccountants.co.uk... https://creativeplanning.com/internat... https://www.greenbacktaxservices.com/... https://www.taxsamaritan.com/tax-arti... Watch the full long-form video:    • US Tax Issues for Americans with UK ISA Sa...   Learn more about PFIC rules here: https://www.optimiseaccountants.co.uk... ━━━━━━━━━━━━━━━━━━ Finance Act 2024 (UK), Income Tax Act 2007 (UK), HMRC Investment Funds Manual IFM1640, IRS Form 8621 (US), Internal Revenue Code §1291–§1298 (US), IRS PFIC Regulations (Final Regs. 2020) ━━━━━━━━━━━━━━━━━━ #ustaxuk, #pficrules, #form8621, #expattaxhelp, #crossbordertax, #isaissues