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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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I Reported All My Foreign Corporation Income but Never Filed Form 5471: Can I Use Streamlined Filing?

Reporting a foreign corporation’s salary or dividends on Form 1040 does not satisfy Form 5471, which is

My Tax Preparer Never Asked About Foreign Accounts: Can I Still Certify Non-Willfulness?

A tax preparer’s failure to ask about foreign accounts does not by itself establish non-willful conduct. The

I Checked “No” on Schedule B but Had Foreign Accounts: Does That Make My FBAR Failure Willful?

A wrong answer to the Schedule B foreign-account question is a significant fact, but it does not

Costa Rica Real Estate Investment Through a Foreign Company: FBAR, Form 8938, Form 5471, and Foreign Tax Credit Overlap

A Costa Rica property held through an S.A. can trigger four U.S. systems at once: Form 5471

Costa Rica Vacation Homes Owned by a Foreign Corporation: Personal Use, Rental Use, and Form 5471 Reporting Issues

A Costa Rica vacation home held in an S.A. or S.R.L. may still create U.S. reporting questions

Florida Reemployment Tax Audit Process Explained for Employers: What You Need to Know

Florida’s reemployment tax audit can be complex for business owners. This guide offers essential insights to navigate

Florida Reemployment Tax Audit Risks

Understand Florida reemployment tax audit risks and what to expect. This guide helps employers prepare for audits

Late Form 5471 for Costa Rica Real Estate Companies: Streamlined Filing, Penalty Risk, and IRS Cleanup Options

A late Form 5471 for a Costa Rica real estate company carries exposure starting at $10,000 per

Florida Reemployment Tax Audit Risks for Employers

Learn the common risks in Florida reemployment tax audits. This guide helps Doral employers prepare and navigate
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