I am a US citizen residing in Italy and hold $, € and £ currencies with WISE based in Belgium. A cashback option is available wherein interest is paid on a weekly basis. Cash balances are invested in global equities simular to a mutual fund. If I enable this feature, will it evoke PFIC reporting requirements when filing US tax returns?
Aside from reporting interest when filing US taxes, is there any other consideration/downside in enabling this option. Does this evoke PFIC reporting?
So I received this unsolicited message from a redditor a few minutes ago. Don't fall for it and get the word out if you can. I cannot see how to report this to the Reddit platform. Thus this post. Scam message follows:
"I make deposits of upto $10k on all USA banks and credit unions per transaction i don’t know if you’ll find this deal good with you but on every deposit i do with you you’re going to take 50% and send me 50% of which you take 5k and send me 5k so let me know which accounts you have so that we can make money out of this together 💯❤️"
This was also posted to r/Report_scams
So I received this unsolicited message from a redditor a few minutes ago. Don't fall for it and get the word out if you can. I cannot see how to report this to the Reddit platform. Thus this post. Scam message follows:
"I make deposits of upto $10k on all USA banks and credit unions per transaction i don’t know if you’ll find this deal good with you but on every deposit i do with you you’re going to take 50% and send me 50% of which you take 5k and send me 5k so let me know which accounts you have so that we can make money out of this together 💯❤️"