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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 S.A. Holding Companies and U.S. Form 5471 Reporting

A Costa Rican Sociedad Anónima that holds a home, a lot, or a rental is a foreign

Complete Guide to Tax Attorney Services for IRS Resolution and Penalty Relief

Gain clarity on tax law with insights from a professional tax attorney. Learn key strategies to navigate

Buying Costa Rica Real Estate Through a Corporation: The Form 5471 Trap

If you bought Costa Rica property through a Costa Rican corporation, such as a Sociedad Anónima or

Form 5471 Filing Categories Explained (Category 1 Through 5)

Form 5471 has five filer categories, and your category determines which schedules you complete. Category 2 (officers

Do You Need to File Form 5471? Who Counts as a U.S. Shareholder?

You generally must file Form 5471 if you are a U.S. person who owns 10% or more

What Is Subpart F Income? A Plain-English Guide for CFC Owners?

Subpart F income is certain income, mostly passive and related-party income, that a controlled foreign corporation (CFC)

Form 5471: Complete Guide to U.S. International Information Reporting

By Ed Parsons, CPA   | Licensed since 2009. Ed Parsons, CPA works with U.S. taxpayers and businesses

Florida Reemployment Tax Audits: The Payroll-Side DOR Audit

Reemployment tax is Florida’s name for unemployment tax, paid by employers on the first $7,000 of each

What Triggers a Florida Sales Tax Audit (and How DOR Picks Targets)?

The Florida Department of Revenue does not rely on random selection alone. Most sales tax audits are

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