Professional PFIC Reporting for U.S. Taxpayers

Preparing IRS Form 8621 can be extremely complex. If you own a Passive Foreign Investment Company (PFIC) such as a foreign mutual fund or ETF, you may be required to report it to the IRS each year.

Unfortunately, many tax professionals do not handle PFIC reporting because the calculations are complicated and time-consuming. The IRS estimates that learning the rules and preparing the form can take more than 30 hours per form.

Our team at Expat Tax Tools specializes in PFIC reporting and can prepare your Form 8621 quickly and accurately.

Let Us Prepare Your Form 8621

If you normally prepare your own taxes but have discovered that you own PFIC investments, we can help.

We will prepare your Form 8621 and all required calculations so you can easily include the results in your IRS Form 1040 tax return.

What You Receive

When you use our Form 8621 preparation service, you get:

• A completed IRS-ready Form 8621
• All required PFIC calculations and supporting statements
• A clear guide showing where each number goes on your tax return
• Visual references showing where to enter the values in other IRS forms
• Secure file transfer for safe document sharing

Our service removes the need to build complicated spreadsheets or learn PFIC tax rules yourself.

PFIC Tax Methods We Support

We prepare Form 8621 under all major PFIC taxation methods, including:

• Section 1291 (Excess Distribution method)
• Qualified Electing Fund (QEF) election
• Mark-to-Market (MTM) election
• Transitional Rule Application for new US taxpayers
• Expatriation

Whether your situation involves simple holdings or complex transaction histories, we can handle it.

Information We Need From You

To prepare your Form 8621, we generally require:

• Transaction history for each PFIC investment from the original purchase date
• Purchase and sale dates
• Reinvested distributions or dividends
• Current holdings or balances

Your bank or financial advisor can usually provide this information if you do not have all statements available.

Pricing

Our pricing is simple and transparent.

Base Fee^*

• $165 USD / $220 CAD per form
• Applies when transactions are imported to our form preparation request form

Additional Work

• $165 USD / $220 CAD per hour
• Applies when transactions must be extracted from statements or documents

Large Projects

• Projects involving more than 10 forms require a 50% retainer.

Complete the request form and our system will automatically generate a fee estimate based on the information you provide. You will see the estimated cost before submitting your request, so there are no surprises.

Why Clients Choose Our Service

• PFIC specialists with dedicated Form 8621 Calculator™ software
• Fast and more affordable than most tax preparation firms
• Accurate PFIC calculations and documentation
• Secure handling of financial data
• Audit Ready Statements
• Full Technical and Theory Support

* Professional discounts available please contact us at b.lougen@expattaxtools.com