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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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FBAR and Form 8858: Foreign Disregarded Entities, Foreign Branches, and Bank Accounts Abroad

A disregarded entity is disregarded by the tax code, not by FinCEN. Form 8858 reports the foreign

FBAR Signature Authority: When You Must Report a Foreign Account You Do Not Own

You can owe an FBAR on money that was never yours. Signature or other authority, the ability

FBAR for Foreign Corporations: Form 5471 Does Not Replace FinCEN Form 114

Form 5471 reports a foreign corporation to the IRS: ownership, earnings, and transactions, under the Internal Revenue

IRS Streamlined Procedures vs. Regular Filing

Taxpayers can benefit significantly from IRS Streamlined Procedures, simplifying compliance and minimizing stress. Learn how to make

FBAR Regulations: Reasons Non-Compliance Can Cost You

Understanding FBAR regulations is crucial; non-compliance can lead to hefty penalties. Learn about the costs and stay

Key Differences in IRS Streamlined Filing Options Explained

Navigate the IRS streamlined filing options with ease. Learn about the key differences and choose the best

Eligibility for IRS Streamlined Filing Options

Maximize tax benefits with IRS streamlined filing options. Learn who qualifies and how these programs can simplify

Secure Your Future: CDP Appeal Process & CPA Guidance

Navigate the complexities of the CDP appeal process with CPA guidance. Secure your future today by effectively

FBAR for Colombian Accounts: Bancolombia, Davivienda, CDTs, Fiduciarias, Brokerages, AFPs, and Voluntary Pensions

Colombian financial products do not map one to one onto U.S. reporting labels. Each product gets placed

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