Understanding Form 8621

And How it Relates to Investments in Foreign Mutual Funds 


Many investors unknowingly invest in Passive Foreign Investment Companies (PFICs)

and as a result must file IRS Form 8621 or Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. Taxpayers are often shocked to

see the degree of complexity which can arise from a nominal investment in a

foreign mutual fund which falls under these rules.


This course will be a line by line review of Form 8621 and address the tax treatment of 

PFICs including important elections which must be made when shares in a PFIC are first acquired. Practical methods of addressing PFIC compliance issues will be emphasized

in this seminar. This seminar also will include a discussion of the latest

developments in the offshore bank account tax compliance area.


Any late breaking federal tax legistlation will also be covered. 


January 22, 2013 | 6:00 PM

The Edison Hotel

(formerly Holiday Inn Edison - Raritan Center)

3050 Woodbridge Ave, Edison, NJ 08837

(GPS: 1171 King Georges Post Rd)


2.0 hours of New Jersey CPE credits will be offered.


Vinay S. Navani, CPA, MBA, MST, Shareholder, Wilkin & Guttenplan, PC

Parag Patel, Esq., Attorney, Patel Law Offices


To register for this event please contact 
Vinay Navani at vnavani@wgcpas.com or 732 846 3000 with any questions. 



Meeting space provided courtesy of:

 Contact: Michael J. Brown, ADP

609 395 5116 | Michael.J.Brown@adp.com


2.0 hours of New Jersey CPE creidts will be offered.

About our Speakers


Parag Patel, Esq., Attorney, Patel Law Offices

Parag P. Patel, Esq. is an attorney with the Patel Law Office in Metro Park. Mr. Patel's practice concentration is in tax, business law, and estate planning. He has worked extensively on complete tax and estate planning, estate administration, and tax motivated transactions. Mr. Patel was recently named a New Jersey Superior Lawyer Rising Star by New Jersey Magazine for tax and estate planning. Mr. Patel has also received an AV rating from the Martindale-Hubbell Peer Review Rating System, which is the highest professional rating possible among lawyers. Mr. Patel is the 2010-11 Chairman of the Tax Law, Estate Planning, and Probate & Trust Committees of American Bar Association's GP Solo and Small Firm Division. Mr. Patel is a Certified Estate Planning Law Specialist, Certified Elder Law Attorney, and frequent speaker at seminars on legal issues affecting tax and estate planning. Mr. Patel also serves as part time Municipal Court Judge for Edison Township, NJ. Mr. Patel is a graduate of Georgetown (J.D.) and New York University (LL.M tax) law schools. Mr. Patel is a member of the New Jersey State, New York State, Middlesex County, and American Bar Associations. Mr. Patel has offices in New Jersey and New York, and can be reached at 732 623 9800 or mail@PatelLawOffices.com.


Vinay S. Navani, CPA, MBA, MST, Shareholder, Wilkin & Guttenplan, PC

Vinay S. Navani is a Shareholder of Wilkin & Guttenplan P.C. with offices in East Brunswick, NJ and New York, NY. His client roster includes high net-worth individuals, as well as, emerging businesses in the high tech and software industries. In addition to assisting clients directly, Vinay works closely with other CPAs on a collaborative basis providing tax assistance on an as needed basis. Prior to joining the firm in 1998, Mr. Navani served as Technical Manager in the American Institute of Certified Public Accountants' Tax Information Phone Service. In this capacity, Mr. Navani provided tax research services as well as professional expertise to other CPAs. Mr. Navani's expertise includes time spent as a tax manager with an international accounting firm where he devoted much of his time to assisting high-income individuals and entrepreneurial organizations to reduce their tax liability. Mr. Navani holds a BA in Economics from the University of Virginia, an MBA from the Stern School of Business of New York University and an MS in Taxation from Temple University. Mr. Navani is also a frequent contributor of tax related articles to the Journal of Accountancy and has been quoted as an expert in several financial publications. Contact Mr. Navani at 732 846 3000 x157 or vnavani@wgcpas.com.


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