Tax Professionals! You Are Invited To A Complimentary Webinar

Reporting Of Passive Foreign Investment Income

The IRS states it takes 24 hours and we have reduced it to one hour preparation time..

Want to learn how? Join us on May 12^th 2016 at 1:00PM EST

SEATING LIMITED – 500 TAX PROFESSIONALS

May 12^th 2016: 1:00PM EASTERN TIME

6:00PM British Summer Timer(London, Dublin, Casablanca)

1:00PM Eastern Daylight Time(New York, Washington DC, Miami)

12:00NOON Central Daylight Time(Chicago, Dallas, Kansas City)

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7:00AM Hawaii Time ( Honolulu,  Kahului, Papeete)

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Reporting Of Passive Foreign Investment Income(PFIC)- Reduce Preparation Time From 24 Hours To 1 Hour

Tired of the time-consuming calculation of Form 8621 for foreign citizens living in the U.S. or U.S. citizens living abroad who need to report their foreign investments? There is an easy solution with the Form 8621 Calculator. Form 8621 Calculator makes reporting all of the elements of Passive Foreign Investment Company Income (PFICs) easier. Enter your PFICs information and let Form 8621 Calculator handle the complex calculations.

Save time

According to the IRS, it can take an experienced tax professional more than 24 hours to complete Form 8621. Save yourself the time and frustration. Form 8621 Calculator can complete the form in under an hour and turns it into a data entry exercise. Form 8621 Calculator provides importable grids for users of Prosystems fx, Global fx or CCH Axcess Tax Software and it can handle 150+ currencies.

It is just three easy steps when using this amazing software:

1) Enter client’s fund information

2) Enter fund’s transaction history

3) Make the required elections 

Serve your clients

Your clients rely on you to know the U.S. Tax Code. Our expertise is understanding PFIC regulations and delivering software that makes it easy to complete Form 8621. Our Forms Guide provides a road map of where all the resulting numbers should be entered on the tax return. Accountants and tax preparers can access unlimited use of the Form 8621 Calculator with an annual license and none of your client’s personal data leaves your office. For offices that need extra support, Expat Tax Tools has the expertise to prepare Form 8621 for them.

Stop the headaches

Conquer the pain of PFICs reporting and make your professional life so much easier. From basis adjustments to return of capital to unreversed inclusions, Form 8621 Calculator performs all the complex calculations for you. By combining our expertise in U.S. tax and computer programming, Form 8621 Calculator deciphers PFIC regulations for you and takes the confusion out of reporting. It means your clients will be compliant with Section 1291 taxation and section 1296 Mark to Market elections.Built by tax professionals and used around the world, Form 8621 Calculator is the only software offering relief from PFIC reporting.

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