Want to learn more about PFICs? The Internal Revenue Code and US Treasury Regulations can feel like they are written in a foreign language. Let the professionals at Expat tax Tools help you make sense of it all.
Start with our FAQ section for basic definitions, find out when and what you need to file.
There are multiple ways to report passive foreign investment companies under §1291-1298 of the Internal Revenue Code. The taxation options range from extremely punitive to very similar to the tax treatment of US mutual funds. Understanding the various options and which ones make the most sense for each situation is very important.
These are the three main ways the investments are taxed for federal purposes:
PFIC Taxation on the State Level
PFIC Theory Training
Learn how to prepare Form 8621 from the experts. We offer webinars for basic PFIC theory, PFIC strategies and classes detailing the calculations required to properly prepare Form 8621 for your clients.
Check out our recorded webinars:
- PFIC Taxation Fundamentals
- PFIC Masterclass: Section 1291
- PFIC Masterclass: QEF & MTM
- Advanced International Tax Issues – GILTI Fundamentals
- Practitioner’s Guide to the Section 965 Repatriation Tax
PFIC Theory Consultation
You’ve done the reading and listened to the webinars and still have questions? We offer consultation services for theory related questions, please schedule a consultation with Mary Beth Lougen.
The fee for the theory consultation is $250 USD / $350 CAD per hour, with a minimum charge of half an hour.
Forms & Instructions
Click here to download the Form 8621 and its instructions (versions from 2004- to present). You must use the form and rules that were in place for each year you are preparing
Codes and Regulations
Interested in reading the relevant Tax Codes and Regulations? We have them in one place for your reading pleasure.
Form 8621 Calculator Training
Want to learn to use the Form 8621 Calculator more efficiently and see all the enhanced features demonstrated?
Click here to check out our training videos and guides.