PFIC Training Series – PFIC Masterclass: QEF & MTM

Part 3

Instructor: Mary Beth Lougen, EA, USTCP
IRS Program Number: NMVBP-T-00112-18-O

This webinar will instruct in both the details and computations required to complete Form 8621 under the qualified electing fund (QEF) and mark-to-market (MTM) regulations. This is a course aimed at practitioners that have an intermediate level of understanding of PFIC taxation. The materials will be computation-intensive and will cover both QEF and MTM theory as well as application on Form 8621.

Learning Objectives:

• Describe the overall QEF and MTM mechanisms and their purposes.
• Analyze the benefits and drawbacks of the QEF and MTM elections.
• Complete a basic Form 8621 using the QEF and MTM regimes.
• Transfer the tax items from a completed Form 8621 using the QEF and MTM regimes to the tax return.