You run into PFIC problems with a number of foreign tax wrappers. Understanding PFICs enough to report them properly is bloody difficult. Once you know how to

You run into PFIC problems with a number of foreign tax wrappers. Understanding PFICs enough to report them properly is bloody difficult. Once you know how to report those you have, you can do it yourself, but you most likely will not be reporting them to your best tax benefit, but instead in the way that is easiest to understand. When I had to research them, after 6 or so years of not understanding I had to report them before realising a gain, it took me at least 2 weeks of research and that was with prior knowledge of some of the acronyms you come across. At that point I think I understand enough to report mine but who knows. Iirc in my research I read a number of times that the IRS has been formally asked to clarify some parts but they haven't responded. And that PFICs are the purview of only a small handful of specialised IRS agents.