Compass Tax Educators

The regulations governing the taxation of passive foreign investment companies is among the most complex in the Internal Revenue Code. This class is a primer on how to deal with these investments.

Learning Objectives

• Define a passive foreign investment company (PFIC)
• List five situations that require the filing of Form 8621
• Describe the default taxation of a PFIC under §1291 
• Compare and contrast the taxation of a PFIC under §1295 and §1296

IRS Program Number: NMVBP-T-00226-22-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Intermediate

Delivery Method: On-Demand (IRS)

Field of Study: Federal Tax Topic/Federal Tax Related Matter (IRS)

Credit hours: 2 IRS CE

Instructor: Mary Beth Lougen, EA, USTCP Click here to learn more about the instructor.

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here to learn more about our education policies.