The Form 8621 instructions are being revised to reflect TD 9806, 81 FR 95466. Specifically, the Who Must File instructions below have been revised to eliminate an option that permitted shareholders to complete Form 8621 for the first PFIC in a chain of ownership and then, in an attachment, provide the information required on the form for each of the other PFICs in the chain. A shareholder must now file a separate form for each PFIC in the chain of ownership. This change is effective as of December 28, 2016, which is the date TD 9806 was issued.
Form 8621 & Instructions
For the latest information about developments relating to Form 8621, and its instructions, such as legislation enacted after they were published, go to www.irs.gov/form8621.