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IRS Form 8621 Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
What Is IRS Form 8621?
This is a tax form that was released by the Internal Revenue Service (IRS) - a subdivision of the U.S. Department of the Treasury on December 1, 2018. Check the official IRS-issued instructions before completing and submitting the form.
FAQ
Q: What is IRS Form 8621?
A: IRS Form 8621 is an Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund.
Q: Who needs to file IRS Form 8621?
A: Shareholders of a Passive Foreign Investment Company (PFIC) or Qualified Electing Fund (QEF) need to file IRS Form 8621.
Q: What is a Passive Foreign Investment Company (PFIC)?
A: A Passive Foreign Investment Company (PFIC) is a foreign corporation that meets certain ownership and income requirements.
Q: What is a Qualified Electing Fund (QEF)?
A: A Qualified Electing Fund (QEF) is an election that a US person can make to treat a PFIC as a QEF.
Q: What information is required to be reported on IRS Form 8621?
A: IRS Form 8621 requires information about the shareholder, the PFIC or QEF, and the shareholder's investment in the PFIC or QEF.
Q: When is IRS Form 8621 due?
A: IRS Form 8621 is generally due with the taxpayer's annual income tax return.
Q: Are there any penalties for not filing IRS Form 8621?
A: Yes, there are penalties for not filing IRS Form 8621, including the potential loss of certain tax benefits.
Q: Can I e-file IRS Form 8621?
A: No, IRS Form 8621 cannot be e-filed and must be filed by mail.
Form Details:
- A 4-page form available for download in PDF;
- Actual and valid for filing 2023 taxes;
- Editable, printable, and free;
- Fill out the form in our online filing application.
Download a fillable version of IRS Form 8621 through the link below or browse more documents in our library of IRS Forms.
Download IRS Form 8621 Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
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