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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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How to Read IRS Transcripts: A CPA’s Comprehensive Review

Unlock the secrets of IRS transcripts with our CPA’s comprehensive guide. Learn to interpret the details efficiently

Master CPA Payroll Reconciliation: Essential Steps for 2026

Master payroll reconciliation with essential steps for 2026. Learn how to effectively clean up payroll taxes and

Cambridge MA New Business Audit Help: What Massachusetts and IRS Auditors Look For in Year-One Filings.

New Cambridge and greater Boston businesses get audited disproportionately in years one and two because of common

Buying Property in Colombia as a U.S. Citizen: The Tax Issues Most Buyers Miss Until It’s Too Late.

Most U.S. citizens buying property in Colombia assume the U.S. side does not care because the asset

Living in Colombia and Behind on U.S. Taxes? How Streamlined Filing May Help Avoid Severe IRS Penalties.

If you are a U.S. citizen, dual citizen, or green card holder living in Colombia and you

CPA Tax Return Review for Colombians in Miami: What a Proper Second Look Catches Before the IRS Does?

A CPA tax return review for Colombian-American filers in Miami examines a previously filed U.S. return for

Once a PFIC, Always a PFIC: The Section 1298(b)(1) Rule Explained

Under IRC Section 1298(b)(1), the “once a PFIC, always a PFIC” rule, if a foreign corporation is

Effective Tax Resolution: Specialized IRS Negotiation Tips

Unlock effective tax resolution strategies with IRS negotiation insights. Learn from a CPA tax advocate to save

How a Tax Lien Affects Your Financial Future

Understanding tax liens is crucial for achieving long-term financial stability. Learn how they can impact financial health
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