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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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How Does the Foreign Bank Account Reporting Apply to Non-grantor Trusts

When it comes to How Does the Foreign Bank Account Reporting Apply to Non-Grantor Trusts.

FBAR Compliance for Cryptocurrency: What You Need in United States

Navigate FBAR reporting for foreign crypto accounts in United States. This guide explains FinCEN Form 114 filing

FBAR Reporting for Cryptocurrency Investors

Learn when cryptocurrency triggers FBAR reporting requirements. This guide clarifies foreign account rules and compliance obligations for

FBAR Crypto Compliance Risks for U.S. Taxpayers in United States

Navigate FBAR and FATCA reporting requirements for foreign cryptocurrency in the United States. This guide helps taxpayers

International Tax Issues for Online Gamblers

Online gambling winnings trigger FBAR and FATCA reporting requirements. This guide explains cross-border tax compliance and IRS

FBAR Compliance for Foreign Gambling in Foreign Gambling Accounts

Foreign Gambling Accounts with $10,000+ require FBAR reporting. This guide helps resolve noncompliance and file accurate FinCEN

FBAR Reporting Requirements for Online Gambling Winnings

Unravel the FBAR requirements for online gambling winnings. Gain insights into compliance, reporting limits, and legal obligations

Streamlined Filing Eligibility Requirements for US in United States

Learn streamlined filing eligibility requirements in the United States. This guide explains non-willful conduct criteria, amended returns,

Options for Delinquent FBAR Filings

Foreign life insurance with cash value requires FBAR reporting. This guide explains streamlined filing procedures to resolve
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