...

Blog Posts

Search

Category
Sub category

PFIC Edge Cases: What Most Form 8621 Calculations Miss

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC,

Form 8621 Filing Exceptions: Every One, and Where Each Stops

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC,

Fund Mergers, Splits and Spin-Offs: PFIC Events That Don’t Look Like Sales

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC,

Wash Sales and PFIC Shares: The Loss and Holding Period That Move

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC.

PFIC Currency Translation: Spot Rates, Fund-Currency Math and Pence

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC.

PFIC Losses: Why a Loss on One Block Doesn’t Offset a Gain on Another

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC.

The PFIC Interest Charge: Daily Allocation, Top Rates, Daily Compounding

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC,

The PFIC 125% Test, Block by Block

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC

ISIN, Listing or Charter: What Makes a Fund Foreign for PFIC Purposes

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far, so I’ll skip the basics. You know

PFIC Lot Tracking: Why Every Purchase Is Its Own Calculation

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC.

Tainted and Clean PFIC Lots: One Fund, Two Tax Treatments

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC,

The PFIC Start-Up Exception: When a New Fund’s First Year Doesn’t Count

By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far, so I’ll skip the basics. You know

Which Tax Software Supports Form 8621? The DIY Programs Compared

By Edward Parsons, CPA · licensed since 2009 Key takeaways People ask me which tax software to use for Form 8621,

Expat Tax Software and Form 8621: Expatfile, MyExpatTaxes and H&R Block Expat

By Edward Parsons, CPA · licensed since 2009 Key takeaways Living abroad changes which funds you can buy. The bank down

Cash App Taxes and Form 8621: Why “Small” Doesn’t Mean Simple

By Edward Parsons, CPA · licensed since 2009 Key takeaways Free tax software is built for straightforward returns, and most of

Pick Your Category

International Tax Compliance for CFCs in United States

Form 5471 filing requirements for U.S. shareholders of controlled foreign corporations. Edward Parsons, CPA provides guidance on

Massachusetts Sales Tax on Cars: Dealer, Private Sale and Trade-In Rules

Massachusetts charges 6.25% sales tax on vehicle purchases, collected by the RMV at registration. Dealer buyers pay

Colombian Bank Account Tax Reporting Requirements

U.S. persons with Colombian bank accounts must file FBAR forms when balances exceed $10,000. Edward Parsons, CPA

Colombian Bank Account Tax Compliance for US Taxpayers

US taxpayers with Colombian bank accounts must file FBAR and Form 8938 under FATCA. Edward Parsons, CPA

Streamlined Procedures for FBAR Compliance in Colombia

Streamlined FBAR filing for Colombia accounts. Edward Parsons, CPA helps U.S. citizens catch up on delinquent returns

International Tax Compliance for Foreign Corporations

Resolve delinquent Form 5471 filings for foreign corporations. Edward Parsons, CPA handles catch-up filings and IRS compliance

What Are the Consequences of Failing to File FBAR

Learn what happens when a foreign corporation or its officers miss FBAR filing deadlines, including penalty exposure,

Massachusetts Tax Rates 2026: Income, Sales, Meals and Excise in One Table

Massachusetts taxes most income at a flat 5%, adds a 4% surtax on taxable income above an

Massachusetts Tax-Free Weekend 2026: Dates, Rules and the $2,500 Limit

The Massachusetts sales tax holiday runs one weekend each August, this year Saturday, August 8 and Sunday,

Yes, I can Meet In …
I am Available to Represent You in …