Tax for US Mutual Funds

How is a US mutual fund taxed by Revenue for a US Citizen living in Ireland?
I haven't touched it since I moved to Ireland 10 years ago but report any small dividends as part of my annual US tax return. I haven't taken any funds out but confused how a US-domiciled fund is categorised when kept with dividends reinvested and when eventually sold.

You may be Irish resident but not domiciled in which case you would have no exposure to Irish tax unless you remit income or gains to Ireland.

Www.globalwealth.ie

All Vanguard funds have just stayed in account as

I have an Irish spouse, 2 Irish children and bought a house here.....am I domiciled in Ireland? If so, what happens to reinvested dividends and when I eventually sell?

Your Domicle is different to your residence or citizenship.

Essentially your domicile is where you call home. You have a domicile of origin which is based on where your father was born.

You may acquire a domicile of choice over time but it is a relatively sticky concept that requires you to take some very firm steps to change.

If your father was born in the USA or indeed anywhere except the Republic of Ireland then your domicile of origin is the USA.

Under those conditions, you may be eligible to be taxed under the remittance basis and only pay tax in the USA where long term capital gain tax rates are considerably lower than in Ireland.

Might be worth a quick call to talk this through

I would be careful here. It is my understanding that the remittance basis of taxation doesn't necessarily apply to offshore funds and I would confirm that.

are these kind of queries and financial planning for a CFP or an accountant?
not sure who to call

I'm not familiar with CFPs. I would have thought you'd be bettter off going with a tax adviser rather than an accountant. The larger accounting firms (top 15 I'd guess) would have capacity to answer the question. There are some decent size tax practices around which would also assist and you can google these. The first question I'd ask the individual is whether they are familiar with offshore funds and the remittance basis.

This is one of the subjects I plan to cover in a lecture to the Society of Trust and Estate practitioners (www.step.ie) in the new year which is usually open to non-members for a nominal €50 and there will be a room full of senior counsel and leading tax experts so you could take your pick.