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Tag Archive for Form 8621 Calculator

Last Opportunity To Register – Thursday June 2, 2016 Free Webinar Includes CE – Preparation Form 8621 Calculator

Mary Beth Lougen

On June 2, 2016 by popular request, many people asked that the Form 8621 Calculator Webinar be offered a second time! The complimentary webinar was hosted by TaxConnections and presented by Mary Beth Lougen of American Expat Tax Services and George Kiss of American Expat Tax Tools. Rarely do you experience a webinar where tax professionals wanted more information on  the great tool that literally takes off 22 hours of preparation time on a passive foreign investment corporation.

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No Uniform Treatment Of PFICs At The State Level

mary beth

Ownership by a U.S. citizen of foreign exchange traded (ETF) or mutual funds will most likely trigger the requirement to file a Form 8621. This is because the Internal Revenue Service (IRS) considers these investments as Passive Foreign Investment Companies (PFICs). The taxation of PFICs is incredibly complicated due to the various ways they can be taxed on the federal level.

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