Do I Need to File Form 8621? Self-Check

Tool · Last reviewed October 20, 2026 · Legal and tax review: pending

Answer five questions. This self-check gives a general result and the reason. It does not replace a review of your facts, and nothing you select is sent anywhere. Everything runs in your browser.

1. Were you a U.S. person (U.S. citizen, green card holder or U.S. tax resident) for any part of the tax year? Yes No, not at any time that year Part of the year (for example I got my green card during the year)

2. Do you own, directly or through a partnership, trust or other foreign company, units of a foreign mutual fund, a foreign ETF or another foreign company that may be a PFIC? Yes (for example an Indian mutual fund) I am not sure No

3. Where are the units held? In my own name, jointly, or through a partnership, trust or company Only inside an IRA, 401(k), 403(b), 457(b), 529 or similar U.S. tax-favored account

4. During the year did any of these happen? (check all that apply) I received a dividend or IDCW, or a dividend was reinvested I sold, redeemed, switched or transferred units I made, or reported on, a QEF or mark-to-market election

5. On the last day of the year, what was the total value of all your PFIC units? And how do you file? Under $25,000 (single) or under $50,000 (joint return) More than that I do not know

The result is general information based on the IRS Instructions for Form 8621 (12-2025). The exceptions have conditions the questions cannot capture (for example the small-holding exception waives only Part I and not when you had a gain or an excess distribution). Indirect holdings, trusts, estates, exempt organizations and foreign pension arrangements have their own rules.