Feb 1, 2024 · A U.S. person that is a direct or indirect shareholder of a passive foreign investment company (PFIC) files Form 8621 if they:.
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▷ Go to www.irs.gov/Form8621 for instructions and the latest information. OMB No. 1545-1002. Attachment. Sequence No. 69. Name of shareholder. Number, street, ...
Oct 25, 2022 · Tax form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund, is used to report income ...
The IRS requires U.S. owners of a PFIC to report ownership of their passive foreign investment companies on Form 8621. Common examples include foreign mutual ...
Feb 14, 2024 · Form 8621 is a tax form used by certain US persons who have investments in passive foreign investment companies (PFICs).
The IRS Form 8621 is a two-function form that must be filed by US persons who own an interest in a Passive Foreign Investment Company.
Nov 22, 2023 · A comprehensive guide on Form 8621 for shareholders of Passive Foreign Investment Companies (PFICs), covering filing steps, PFIC criteria, ...
Mar 4, 2024 · Form 8621 is titled "Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund".
While there is no Form 8621 penalty, most filers fail to simultaneously file Form 893 8 to report the investment. The failure to report the PFIC interest on ...
Feb 8, 2024 · Explore IRS Form 8621 with our guide on PFIC taxation, ensuring U.S. expats navigate their tax obligations confidently and efficiently.