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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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Got a Florida DR-840 Audit Notice for Your Restaurant? Here’s What Happens Next

A Florida DR-840 (Notice of Intent to Audit Books and Records) tells you the Florida Department of

Installment Agreement vs Offer in Compromise: Which Reverses Passport Revocation Faster?

For reversing a passport certification, an Installment Agreement is almost always faster than an Offer in Compromise.

How a CPA Handles a CP508C While Negotiating Your IRS Tax Debt.

A CP508C notice is a passport problem on the surface, but underneath it is a seriously delinquent

Expedited IRS Passport Decertification: When 90 Days Is Too Long

After the IRS certifies seriously delinquent tax debt, the State Department typically holds a passport application open

Hardship Exceptions to IRS Passport Revocation: Humanitarian and Emergency Cases.

The IRS does not certify every seriously delinquent tax debt for passport revocation. Statutory and discretionary exclusions

CP508R Reversal: The Five IRS Resolution Paths That Restore Your Passport.

CP508R is the IRS notice that reverses a seriously delinquent tax debt certification and tells the State

How the IRS Certifies Tax Debt to the State Department (CP508C Process).

The CP508C process runs in five stages: the IRS flags a seriously delinquent balance and certifies it,

Living Abroad With IRS Debt: When Passport Revocation Hits Hardest.

For U.S. citizens living abroad, IRS passport revocation under IRC Section 7345 is not just a travel

Can the IRS Actually Revoke My U.S. Passport? Here’s What Section 7345 Says.

Yes, the federal government can revoke your U.S. passport for seriously delinquent tax debt. The mechanism is

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