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CPA tax staff building a review-ready Form 8621 PFIC file from passive-income and asset testing through ownership, section 1291, QEF, mark-to-market, basis, excess distributions, elections, and cross-form review
14 Sep

Form 8621 Training for Tax Staff: Build PFIC, QEF, and Mark-to-Market Reporting Competence

Accounting Workforce Development / Tax Advisory

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 14, 2026  |  46-minute read TL;DR — The Short Answer Form 8621 training should teach tax staff to identify the PFIC before selecting the regime. The hardest work happens before Part III, IV, or V: entity

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