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3 TLS, have you transmitted all R text files for this cycle update? Date I.R.S. SPECIFICATIONS TO BE REMOVED BEFORE PRINTING INSTRUCTIONS TO PRINTERS FORM 8621, PAGE 1 of 2 MARGINS: TOP 13 mm (1 2

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What is form 8621 page 1?

Form 8621 page 1 is a tax form used to report information about a Passive Foreign Investment Company (PFIC). It is used to calculate and report any taxes owed on income from investments in PFICs.

Who is required to file form 8621 page 1?

Anyone who meets the filing requirements for a PFIC must file form 8621 page 1. This includes individuals, trusts, and estates that are invested in PFICs.

How to fill out form 8621 page 1?

To fill out form 8621 page 1, you will need to provide information about the PFIC you are invested in, including the name and address of the PFIC, the type of investment, and the income or loss generated from the investment.

What is the purpose of form 8621 page 1?

The purpose of form 8621 page 1 is to report information about PFIC investments and calculate any taxes owed on income from these investments. It helps the IRS ensure taxpayers properly report and pay taxes on PFIC income.

What information must be reported on form 8621 page 1?

Form 8621 page 1 requires information such as the taxpayer's name, address, and taxpayer identification number. It also requires details about the PFIC, including its name, address, and type of investment, as well as information on income or loss generated from the investment.

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