This webinar instructs in both the details and computations required to complete Form 8621 under the default §1291 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 §1291 theory as well as application on Form 8621.  

Learning Objectives:

  • Describe the overall §1291 mechanism and its purpose.
  • Compute both excess and non-excess distribution amounts under §1291.
  • Complete a basic Form 8621 using the §1291 regime.
  • Transfer the tax items from a completed Form 8621 using the §1291 regime to the tax return.

Your registration includes 2 IRS CE as well as:

  • Downloadable course manual and implementation tools as appropriate. These materials are available for download when you log into the webinar.
  • The opportunity to listen to the optional presenter and the other members of the Compass Tax Educators instructional team during the optional question-and-answer session held during the original recording.

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

IRS Program Number for Self-Study On-Demand Webinar: NMVBP-T-00111-18-S

Delivery Method: Self-study/On-demand

Field of Study: Federal Tax Law (IRS)

Credit hours: 2 IRS

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 for more information regarding our education policies.


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