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International Tax Lunch: Form 8621: How Foreign Mutual Funds are Taxed and Reported (4173390A)

Date:Friday, April 20, 2018
Time:3:00 PM - 4:00 PM
(Registration at 2:30 PM)
Facility:Webcast or Webinar, Online
CPE Credit:1.0 Technical Business
Instructor: Debra Rudd
Vendor:California CPA Education Foundation
Course Level:Overview
Early Bird Price:$30.00 FICPA Members, $45.00 Non-Members


Foreign mutual funds typically are classified as passive foreign investment companies (PFICs) for US tax purposes. PFICs have a notoriously punitive tax treatment. Learn why foreign mutual funds are PFICs, and how to compute income and tax under the default method of PFIC taxation. Lastly, learn how to prepare Form 8621 to report income from foreign mutual funds.


  • Recognize when a client has a foreign mutual fund
  • Determine why foreign mutual funds are taxed as PFICs
  • Compute income and tax under the default method for PFICs
  • Apply taxation and reporting concepts to prepare Form 8621 for a foreign mutual fund

    Major Topics:

  • Form 8621
  • Passive foreign investment companies
  • Foreign mutual funds
  • Section 1291 taxation
  • Excess distributions

    Who Should Attend:

    CPAs, Attorneys


    Advanced Preparation:


    If listed below, select the appropriate sessions or options to continue with your purchase.

    Registration Status: OPEN