Do you have to file Form 8621? Not always. The de minimis exception lets you skip the

By Edward Parsons, CPA | Ed Parsons CPA, Doral, Florida | Representing taxpayers nationwide | If you

Are foreign ETFs PFICs? Almost always, yes. An ETF organized outside the United States, including the Irish-domiciled

A CFC and a PFIC are two separate sets of U.S. tax rules for foreign corporations. A

By Edward Parsons, CPA | Ed Parsons CPA, Doral, Florida | Representing taxpayers nationwide | Is your

By Edward Parsons, CPA | Ed Parsons CPA, Doral, Florida | Representing taxpayers nationwide | You must

The PFIC asset test asks whether, on average across the year, at least 50% of a foreign

By Edward Parsons, CPA | Ed Parsons CPA, Doral, Florida | Representing taxpayers nationwide A PFIC, or