Passive Foreign Investment Company (PFIC) Form 8621 Filing

If you are a U.S. citizen or expat and a direct or indirect shareholder of a passive foreign investment company (PFIC), you may need to file Form 8621. If you meet any of the conditions below, you will be liable to file this form.

• You receive certain direct or indirect distributions from a PFIC.
• You recognize a gain on a direct or indirect disposition of PFIC stock.

If you tick any of these boxes, it’s time to get in touch with us. Sure, many people feel that they can file all of their tax forms independently. While this is possible, it can prove confusing, time-consuming and generally detrimental to you and your business. Time spent poring over paperwork trying to make sure that you file your forms correctly could be better invested in other, more progressive areas of your business. This is where we can help.

Here at AGA Tax, we specialize in U.S taxes and have a deep knowledge and understanding of how to correctly deal with and file PFIC Form 8621. Whether you’re looking for a little advice to help you along the way, or for us to completely lift the weight off your shoulders, we’ll be able to come up with a tailored plan to meet your needs.

So, don’t hesitate to get in touch. A friendly and reliable member of our team will be able to listen to your enquiry and help you further!