This webinar will instruct in both the details and computations required to complete Form 8621 under the qualified electing fund (QEF) and mark-to-market (MTM) regulations. This is a course aimed at practitioners that have an intermediate level of understanding of PFIC taxation. The materials will be computation-intensive and will cover both QEF and MTM theory as well as application on Form 8621.
- Describe the overall QEF and MTM mechanisms and their purposes.
- Analyze the benefits and drawbacks of the QEF and MTM elections.
- Complete a basic Form 8621 using the QEF and MTM regimes.
- Transfer the tax items from a completed Form 8621 using the QEF and MTM regimes to the tax return.