Investment & Offshore Funds
Form 8621 (PFIC / Foreign Mutual Funds)
Information Return by a Shareholder of a PFIC
- Sanción
- Excess distribution regime applies highest marginal tax rate (37%) plus compounding daily interest going back to acquisition year.
- Plazo
- Attached to annual Form 1040.
- Quién debe presentar
- U.S. persons holding direct or indirect interests in a Passive Foreign Investment Company (foreign mutual funds, non-US ETFs, SICAVs, holding companies).
- Plazo de prescripción
- Statute of limitations on the entire return remains open until Form 8621 is filed.
- Partes y anexos clave
- Part II (Elections: QEF / MTM / Section 1291) · Part V (Excess Distribution Calculation) · Part VI (QEF Pro-Rata Inclusions)
Dónde suelen fallar las declaraciones
- Buying European UCITS ETFs or local mutual funds unaware they are classified as PFICs
- Missing the first-year Qualified Electing Fund (QEF) or Mark-to-Market election
Cómo lo gestionamos
- PFIC annual information statement evaluation and QEF election drafting
- Mark-to-Market election filings for marketable securities
- Purging elections to cleanse tainted PFIC historical shares
Siguiente paso
¿No sabe qué formularios le aplican?
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