Form 8621 (Rev. December 2004) - Return By A Shareholder Of A Passive Foreign Investment Company Or Qualified Electing Fund

Download a blank fillable Form 8621 (Rev. December 2004) - Return By A Shareholder Of A Passive Foreign Investment Company Or Qualified Electing Fund in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form 8621 (Rev. December 2004) - Return By A Shareholder Of A Passive Foreign Investment Company Or Qualified Electing Fund with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

8621
Return by a Shareholder of a Passive Foreign
OMB No. 1545-1002
Form
Investment Company or Qualified Electing Fund
(Rev. December 2004)
Attachment
Department of the Treasury
69
See separate instructions.
Sequence No.
Internal Revenue Service
Name of shareholder
Identifying number (see page 2 of instructions)
Number, street, and room or suite no. (If a P.O. box, see page 2 of instructions.)
Shareholder tax year: calendar year 20
or other tax year
beginning
, 20
and ending
, 20
.
City or town, state, and ZIP code or country
Check type of shareholder filing the return:
Individual
Corporation
Partnership
S Corporation
Nongrantor Trust
Estate
Name of passive foreign investment company (PFIC) or qualified electing fund (QEF)
Employer identification number (if any)
Address (Enter number, street, city or town, and country.)
Tax year of company or fund: calendar year 20
or other
tax year beginning
, 20
and
ending
, 20
.
Part I
Elections (See instructions.)
A
Election To Treat the PFIC as a QEF. I, a shareholder of a PFIC, elect to treat the PFIC as a QEF. Complete lines 1a through 2c of Part II.
B
Deemed Sale Election. I, a shareholder on the first day of a PFIC’s first tax year as a QEF, elect to recognize gain on the
deemed sale of my interest in the PFIC. Enter gain or loss on line 10f of Part IV.
C
Deemed Dividend Election. I, a shareholder on the first day of a PFIC’s first tax year as a QEF that is a controlled foreign
corporation (CFC), elect to treat an amount equal to my share of the post-1986 earnings and profits of the CFC as an excess
distribution. Enter this amount on line 10e of Part IV.
D
Election To Extend Time For Payment of Tax. I, a shareholder of a QEF, elect to extend the time for payment of tax on
the undistributed earnings and profits of the QEF until this election is terminated. Complete lines 3a through 4c of Part II to
calculate the tax that may be deferred.
Note: If any portion of line 1a or line 2a of Part II is includible under section 551 or 951, you may not make this election.
Also, see sections 1294(c) and 1294(f) and the related regulations for events that terminate this election.
E
Election To Recognize Gain on Deemed Sale of PFIC. I, a shareholder of a former PFIC or a PFIC to which section 1297(e) applies, elect to
treat as an excess distribution the gain recognized on the deemed sale of my interest in the PFIC, or, if I qualify, my share of the PFIC’s post-1986
earnings and profits deemed distributed, on the last day of its last tax year as a PFIC under section 1297(a). Enter gain on line 10f of Part IV.
F
Election To Mark-to-Market PFIC Stock. I, a shareholder of a PFIC, elect to mark-to-market the PFIC stock that is
marketable within the meaning of section 1296(e). Complete Part III.
Part II
Income From a Qualified Electing Fund (QEF).
All QEF shareholders complete lines 1a through 2c. If you are making
Election D, also complete lines 3a through 4c. (See page 5 of instructions.)
1a
1a
Enter your pro rata share of the ordinary earnings of the QEF
b
Enter the portion of line 1a that is included in income under
1b
section 551 or 951 or that may be excluded under section 1293(g)
1c
c
Subtract line 1b from line 1a. Enter this amount on your tax return as dividend income
2a
2a
Enter your pro rata share of the total net capital gain of the QEF
b
Enter the portion of line 2a that is included in income under
2b
section 551 or 951 or that may be excluded under section 1293(g)
c
Subtract line 2b from line 2a. This amount is a net long-term capital gain. Enter this amount
2c
in Part II of the Schedule D used for your income tax return. (See instructions.)
3a
3a
Add lines 1c and 2c
b
Enter the total amount of cash and the fair market value of other
property distributed or deemed distributed to you during the tax
3b
year of the QEF. (See instructions.)
c
Enter the portion of line 3a not already included in line 3b that is
attributable to shares in the QEF that you disposed of, pledged,
3c
or otherwise transferred during the tax year
3d
d
Add lines 3b and 3c
3e
e
Subtract line 3d from line 3a, and enter the difference (if zero or less, enter amount in brackets)
Important: If line 3e is greater than zero, and no portion of line 1a or 2a is includible in income
under section 551 or 951, you may make Election D with respect to the amount on line 3e.
4a
4a
Enter the total tax for the tax year (See instructions.)
b
Enter the total tax for the tax year determined without regard to
4b
the amount entered on line 3e
c
Subtract line 4b from line 4a. This is the deferred tax, the time for payment of which is
extended by making Election D. See instructions
4c
8621
For Paperwork Reduction Act Notice, see page 7 of separate instructions.
Cat. No. 64174H
Form
(Rev. 12-2004)

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go
Page of 2