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By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC.
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC.
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC.
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far, so I’ll skip the basics. You know
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC.
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far, so I’ll skip the basics. You know
By Edward Parsons, CPA · licensed since 2009 Key takeaways People ask me which tax software to use for Form 8621,
By Edward Parsons, CPA · licensed since 2009 Key takeaways Living abroad changes which funds you can buy. The bank down
By Edward Parsons, CPA · licensed since 2009 Key takeaways Free tax software is built for straightforward returns, and most of
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A Costa Rica holding company can create Form 5471 reporting for its U.S. owners even when the
A U.S. person who owns Costa Rica real estate through an S.A. or S.R.L. may need to
A foreign life insurance or annuity policy with a cash value is an other financial account for
Form 14653 is the certification for the Streamlined Foreign Offshore Procedures. It carries a narrative, signed under
FBAR for Crypto, Gambling, and Offshore Payment Accounts: When Is There a Foreign Financial Account?
Money sitting offshore is not automatically an FBAR account. The report reaches bank accounts, securities accounts, and
Under FinCEN Notice 2020-2, a foreign account holding only virtual currency is not currently defined as a
Yes. A U.S. person who is not the tax owner of a foreign non-grantor trust can still
Your business can owe its own FBAR. U.S. persons include domestic corporations, partnerships, LLCs, trusts, and estates,