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 Form 8621 Rev 2013

2013-2025 Form

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Video instructions and help with filling out and completing Form 8621 Rev

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Instructions and help about Form 8621 Rev

good afternoon this is Sean Golding with Golding and Golding here to discuss the basics of the foreign mutual fund and foreign ETF what that means from a US tax and Reporting perspective and what that means to you as a filer what you can do about it and how you may be able to avoid uh some of the more heavy tax implications of having a pfic so first let's start with who has to file the form when someone has a pfic unless an exception exclusion or limitation applies then they generally file a form 8621 with their tax return us person means US citizen lawful permanent resident foreign National who meets the substantial presence test domestic companies may have to do as well in domestic trust but for purposes of this presentation it's just going to be individuals if you're an individual and you have to file the form depending on whether you may qualify for an exception to substantial presence or one of the treaty elections to be treated as a foreign person for us t

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