...

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

Streamlined Tax Compliance Benefits for U.S. Taxpayers

Unlock the perks of streamlined tax compliance for U.S. taxpayers. Learn how hassle-free systems improve accuracy and

Understanding Streamlined Filing Process for U.S in United States

Streamlined Filing Compliance Procedures help United States taxpayers fix unreported foreign accounts by filing 3 years of

IRS Kept Your Refund? Treasury Offsets, IRS Payment Plans, and Offer in Compromise Explained

When the IRS keeps your refund, the Treasury Offset Program applied it to a debt: back taxes,

E-File Rejection Error Code E4301: What Triggered It and How to Refile Successfully

Error code E4301 is an e-file business rule rejection. The IRS electronic filing system refused the return

Why Is My State Refund Taking So Long? Common Reasons and When to Escalate

State refunds routinely take longer than federal refunds because state revenue departments run smaller processing operations, apply

Tax Refund Delayed Past 21 Days? PATH Act, EITC, ACTC, and the Real Reasons the IRS Holds Refunds

The IRS issues most refunds within 21 days, but that window is a target, not a promise.

Where’s My Amended Return? Why Form 1040-X Takes 16+ Weeks and What “Adjusted” Means

The IRS says amended returns take up to 16 weeks to process, and many take longer. The

When Do IRS Transcripts Update? The Weekly vs Daily Cycle Schedule Explained?

IRS transcripts update overnight on a fixed cycle, not in real time. Weekly accounts update once per

IRS Cycle Code and Processing Date Decoded: The 8-Digit Number That Predicts Your Refund Timing

The IRS cycle code is an 8 digit number on your account transcript. The first four digits

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