To any person whom has declared MPF on one of your US tax form - help !
1) Which form did you use to identify MPF contribution (assumes no distribution)?. PFIC (8621 form) or FBAR/FACTA or a combination.
2) Any insights as to why the form(s) was chosen, or the default - the Accountant just did it .
3) Is it that complicated to fill in the PFIC form, if the total MPF contribution (You/employer) is under HKD $10k and there has been no distributions. It is a single $ dollar amount + info on you and the fund,
4) If the PFIC form is require, any est., on the cost charged by the account whom did it ?. the Facta form is around $US 350 - $500 for a account to fill out
Background
I moved to HK recently. I only a few months of MPF contributions in 2015
Looking at a thread in this tax forum and web search (limited insight found), it suggest you must record contributions as income on 1040 (no problem). If it is the PFIC (8621) form, it may be actually very difficult to get the details and impossible to be confident they are correct from the owner of the fund (HSBC).
Thanks
Expatkd