IF a shareholder of a PFIC did not receive any income during the year from the PFIC and is not reported deemed income , does he have to file form 8621?
TaxConnections Members... Answer This Question
Want To be One of Our Tax Experts? Register Here
Tax Professional Answers
John Stancil
The regulations regarding Filing of Form 8621 are rather complex, Without additional information, I could not give you a valid answer. However, this flowchart can guide you to determine if you need to file. www.tax-charts.com/charts/1298-1T.pdf
Leave a Comment
397 weeks ago