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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

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Massachusetts Sales and Use Tax: The Complete 6.25% Guide for Buyers and Businesses

By Ed Parsons, CPA | Licensed since 2009 | Reviewed by Ed Parsons, CPA | Massachusetts charges

Streamlined Filing IRS Deadlines Explained

Learn IRS streamlined filing deadlines, requirements, and procedures. Edward Parsons, CPA guides non-willful taxpayers through compliance with

PFIC Asset Test Explained: Key Criteria for Compliance

Understanding PFIC Asset Test details is crucial for compliance. Learn essential guidelines that help navigate complex regulations

I Made a Foreign Reporting Mistake: FBAR, Form 8938, Form 5471 and What Comes Next?

A missed FBAR, Form 8938, or Form 5471 does not by itself decide how serious the problem

PFIC Structures: Key Income and Asset Tests Explained

Navigating PFIC tax compliance is crucial for investors. Learn key structures and issues to ensure effective management

When U.S. Tax Compliance and Immigration Strategy Overlap: How CPAs and Immigration Counsel Can Coordinate Safely

Tax compliance and immigration strategy sometimes meet in places where timing, documentation, and professional judgment all matter.

Audit Defense Options for Taxpayers Facing IRS Scrutiny

Taxpayers facing IRS audits can benefit from a documented, procedure-based response. Learn effective approaches to navigate audits

IRS Collection Process Explained: Key Steps for Taxpayers

Navigating the IRS collection process can be daunting. This guide provides essential steps to effectively manage your

US Tax on Australian Superannuation: The Ultimate Guide for Expats

Navigating US tax implications on Australian superannuation is crucial for expats. Gain insights on compliance and optimize
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