Tax Form 8621 for Shareholders of Passive Foreign Investment Companies

When you file your taxes, one of the most important forms is Tax Form 8621. This form is used to report rental income from vacation property. In this guide, we will teach you everything you need to know about this form and how to file it correctly. It is also used to calculate the self-employment tax. The form is filled out by the taxpayer and sent to the IRS.

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