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hey there youtube so for this video i wanted to cover a simple example of how to complete the irs form 8621 uh this is an information return for a shareholder of a pfix and so what we have in front of us here is a sample 8621 completed weamp;#39;ll go through this and the rest of the return and how everything is reported but then i also have a slide here with some of the general information we need to know and then what our fact pattern is going to look like when we go back to 8621 so just high-level background a pthick is a passive foreign investment company right so this is a foreign corporation so itamp;#39;s a non-us corporation and the activities within the within the entity make it a pfig because the assets or the income streams are primarily passive types right so a lot of investment vehicles like hedge funds uh private equity companies theyamp;#39;re going to be pfix right so the reason why thatamp;#39;s important is if a u.s person owns stock in a pfig not only do they hav
