instructions for form 8621
Form 8621 is an information return for U.S. taxpayers holding interests in Passive Foreign Investment Companies (PFICs) or Qualified Electing Funds (QEFs). It ensures compliance with IRS reporting requirements for foreign investments, covering income, gains, and elections related to PFICs. Understanding the Purpose of Form 8621 Form 8621 is designed to ensure U.S. taxpayers properly report...