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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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Do You Have to File Form 8621? The $25,000 Exception

Do you have to file Form 8621? Not always. The de minimis exception lets you skip the

Moved to the U.S. With Foreign Funds? PFIC Rules for New Residents

By Edward Parsons, CPA  |  Ed Parsons CPA, Doral, Florida  |  Representing taxpayers nationwide  |  If you

Are Foreign ETFs PFICs?

Are foreign ETFs PFICs? Almost always, yes. An ETF organized outside the United States, including the Irish-domiciled

CFC vs PFIC: Controlled Foreign Corporation or Passive Foreign Investment Company?

A CFC and a PFIC are two separate sets of U.S. tax rules for foreign corporations. A

Is Your Foreign Mutual Fund a PFIC? Edward Parsons, CPA 

By Edward Parsons, CPA (Massachusetts licence 26369) | IRS representation nationwide. Is your foreign mutual fund a

Form 8621: Who Must File | Ed Parsons CPA

By Edward Parsons, CPA  |  Ed Parsons CPA, Doral, Florida  |  Representing taxpayers nationwide  | You must

How to Calculate the PFIC Asset Test (the 50% Rule)

The PFIC asset test asks whether, on average across the year, at least 50% of a foreign

How to Calculate the PFIC Income Test (the 75% Rule)?

By Edward Parsons, CPA | Ed Parsons CPA, Doral, Florida | Representing taxpayers nationwide The PFIC income

What Is a PFIC? A Plain-English Guide for U.S. Investors With Foreign Funds

By Edward Parsons, CPA  |  Ed Parsons CPA, Doral, Florida  |  Representing taxpayers nationwide  A PFIC, or

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