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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (29299)	12/18/2007 12:31:19 PM
From: Paul Senior	Read Replies (1) \| Respond to of 78830

AYR. First time I've come across a Passive Foreign Investment Company (a "PFIC") for U.S. Federal income tax purposes. I'll have to check with my tax guy as to what I will do. If it's a mandatory bunch of paperwork and as complex as limited partnership rigmarole, I'm not going to like it. Might be worth it though for the potential and opportunity these stocks I hope provide. I don't believe I'll care about whether the dividend is qualified or not. I'm likely to have to pay the amt, and so I'm not going to get the "benefit" of the low 15% tax rate.