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: QAS Self-Study (NASBA); On-Demand (IRS)

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

Credit hours: 2 NASBA CPE / 2 IRS CE

Information can be found quickly by searching key terms in the text/PowerPoint using the built-in search feature.

Course expires one year after purchase.

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 refund and education policies.