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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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Costa Rica Real Estate Holding Companies: Shareholder Loans, Capital Contributions, Distributions, and Personal Use Problems

Form 5471 for a Costa Rica holding company is only as reliable as the workpapers behind it.

Costa Rica Real Estate Holding Company Restructures: Form 5471 Issues in Mergers, Liquidations, and Share Transfers

Restructuring a Costa Rican S.A. or S.R.L., through a merger, liquidation, or share transfer, can be a

Inherited Costa Rica Real Estate in a Corporation: Form 5471, Basis, Ownership Changes, and U.S. Reporting Risks

A U.S. heir of Costa Rica real estate may actually inherit shares of the S.A. or S.R.L.

Selling Costa Rica Real Estate Held in a Corporation: Form 5471, Foreign Tax Credits, and U.S. Gain Reporting

Selling Costa Rica real estate held in an S.A. or S.R.L. is really one of two U.S.

Costa Rica Rental Property Inside a Foreign Corporation: Form 5471, CFC, and GILTI Issues for U.S. Owners

When a Costa Rican S.A. or S.R.L. owns a rental, the income may belong to a foreign

Prevent Florida Reemployment Tax Audits

Learn key strategies to prevent Florida reemployment tax audits. This guide helps businesses avoid costly audit issues

Florida Reemployment Tax Audits: What Employers Need

Learn what to expect from a Florida reemployment tax audit. This guide provides guidance to help employers

IRS Streamlined Procedures: Typical Service Costs

Learn typical IRS streamlined procedures costs and fees. This guide helps expats file with zero penalties and

Florida Employers: Prepare for Reemployment Tax Audits

Prepare your Florida business for reemployment tax audits. This guide explains audit procedures, documentation requirements, and compliance
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