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IRS 8621 2015 free printable template

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Form 8621 (Rev. December 2015) Department of the Treasury Internal Revenue Service Name of shareholder Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing
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How to fill out IRS 8621

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How to fill out IRS 8621

01
Obtain IRS Form 8621 from the IRS website or your tax professional.
02
Provide your name, address, and identifying information at the top of the form.
03
Fill out Part I to report your ownership in a Passive Foreign Investment Company (PFIC).
04
Complete Part II if you are making an election to treat the PFIC as a Qualified Electing Fund (QEF).
05
Provide the necessary information in Part III if you are making a mark-to-market election.
06
If applicable, fill out Part IV for reporting information about distributions and gain from the sale of PFIC stock.
07
Review all provided information for accuracy and completeness.
08
Sign and date the form before submission.
09
Attach the completed form to your tax return when filing.

Who needs IRS 8621?

01
U.S. taxpayers who have an interest in a Passive Foreign Investment Company (PFIC).
02
Taxpayers who are making elections related to PFIC status.
03
Individuals holding PFIC shares that they need to report for tax purposes.
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IRS Form 8621 is a tax form used by U.S. taxpayers to report ownership of interests in certain foreign trusts and partnerships, specifically Passive Foreign Investment Companies (PFICs).
U.S. persons who own shares in a PFIC or who receive certain distributions from a PFIC are required to file Form 8621.
To fill out Form 8621, taxpayers must provide information about the PFIC, including the name of the company, the number of shares owned, and any income received. Specific instructions for each section of the form are provided by the IRS.
The purpose of IRS Form 8621 is to ensure that U.S. taxpayers report their income and gains from investments in PFICs, which may have special tax implications.
Taxpayers must report information such as the name and address of the PFIC, the tax year, the number of shares held, any distributions received, and any elections made regarding the PFIC.
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