A PFIC
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"What Is A PFIC?"
If you have overseas investments or are considering such investments, even through mutual funds, you should understand the tax consequences involved. Whether you are asking yourself for the first time: “What Is A PFIC?”, or even if you are already familiar with some of its intricacies, This guide will help you fully understand your obligations, which in turn will help you avoid unnecessary taxes, penalties, and interest.
https://ilearn.stanford.edu/eportfolios/1315/Home/What_is_a_PFIC
https://www.facebook.com/globalaccountantnetwork/posts/240897044347795