8621: Fill out & sign online

Here's how it works

01. Edit your form online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to edit 8621 online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making adjustments to your documentation requires only some simple clicks. Make these quick steps to edit the PDF 8621 online free of charge:

Sign up and log in to your account. Log in to the editor with your credentials or click on Create free account to examine the tool’s capabilities.
Add the 8621 for editing. Click the New Document option above, then drag and drop the sample to the upload area, import it from the cloud, or via a link.
Adjust your file. Make any adjustments needed: add text and images to your 8621, underline important details, remove parts of content and replace them with new ones, and add symbols, checkmarks, and areas for filling out.
Complete redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is super easy to use and effective. Try it out now!

See more 8621 versions

We've got more versions of the 8621 form. Select the right 8621 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2018	4.8 Satisfied (261 Votes)
2004	4 Satisfied (39 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Contact us

Do I have to file 8621 every year?

Most US citizens who are shareholders in a PFIC are required to file Form 8621 every year. Using Form 8621, shareholders can report certain types of PFIC income.

What are examples of PFIC?

Examples of securities that are classified as PFICs are Canadian mutual funds, Canadian pooled funds, Canadian Exchange Traded Funds (ETFs) and many Canadian income trusts or real estate investment trusts (REITs).

Who needs PFIC reporting?

PFICs and Tax Strategies U.S. investors who own shares of a PFIC must file IRS Form 8621. This form is used to report actual distributions and gains, along with income and increases in QEF elections. The tax form 8621 is a lengthy, complicated form that the IRS itself estimates may take more than 40 hours to fill out.

What is the purpose of IRS form 8621?

A U.S. person can attach the Form 8621 to an amended return for the tax year of the U.S. person to which the election relates if the U.S. person can demonstrate that the reason for not filing the form with its original return was due to reasonable cause.

What qualifies as a PFIC?

The IRS defines a passive foreign investment company (PFIC) as a non-U.S. entity that either earns 75% or more of its gross income from non-business operational activities (the income test); or, if it least 50% of its assets are held for generating passive income (the asset test).

Related forms

be ready to get more

Complete this form in 5 minutes or less

Get form

Who needs to file PFIC?

A U.S. person that is a direct or indirect shareholder of a passive foreign investment company (PFIC) files Form 8621 if they: Receive certain direct or indirect distributions from a PFIC. Recognize a gain on a direct or indirect disposition of PFIC stock.

What is the purpose of IRS form 8621?

A U.S. person can attach the Form 8621 to an amended return for the tax year of the U.S. person to which the election relates if the U.S. person can demonstrate that the reason for not filing the form with its original return was due to reasonable cause.

Is there a threshold for filing form 8621?

Threshold for Reporting PFIC The person who is single or married filing separate has to file form 8621 in any year that their total number of PFICs exceed $25,000.

What is the purpose of IRS form 8621?

A U.S. person can attach the Form 8621 to an amended return for the tax year of the U.S. person to which the election relates if the U.S. person can demonstrate that the reason for not filing the form with its original return was due to reasonable cause.

Is there a penalty for not filing form 8621?

There is actually no penalty for not filing this form when you are supposed to. However, the statute of limitations for assessing penalties is suspended until you do file the form, if required. That means your entire return remains subject to audit until three years after you file the required Form 8621.

Get the up-to-date 8621-2024 now

Here's how it works

The best way to edit 8621 online

See more 8621 versions

Complete this form in 5 minutes or less

Got questions?

Do I have to file 8621 every year?

What are examples of PFIC?

Who needs PFIC reporting?

What is the purpose of IRS form 8621?

What qualifies as a PFIC?

Complete this form in 5 minutes or less

People also ask

Who needs to file PFIC?

What is the purpose of IRS form 8621?

Is there a threshold for filing form 8621?

What is the purpose of IRS form 8621?

Is there a penalty for not filing form 8621?

Related links

Try more PDF tools