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By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC.
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC.
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC.
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far, so I’ll skip the basics. You know
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know the fund is a PFIC.
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far. You know your fund is a PFIC,
By Edward Parsons, CPA · licensed since 2009 Key takeaways You got this far, so I’ll skip the basics. You know
By Edward Parsons, CPA · licensed since 2009 Key takeaways People ask me which tax software to use for Form 8621,
By Edward Parsons, CPA · licensed since 2009 Key takeaways Living abroad changes which funds you can buy. The bank down
By Edward Parsons, CPA · licensed since 2009 Key takeaways Free tax software is built for straightforward returns, and most of
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The $62,000 figure many taxpayers still search for was the 2024 threshold for “seriously delinquent” federal tax
A CP508C notice means the IRS has certified your federal tax debt as “seriously delinquent” under IRC
By Ed Parsons, CPA [Updated August 2026] Short answer: A CPA-led Kwong penalty review should start with
Kwong Protective Claims, Form 843, and IRS Transcript Review By Ed Parsons, CPA [Updated August 2026] Short
By Ed Parsons, CPA [Updated August 2026] Short answer: Kwong is a federal court decision that may
Form 8858 reports U.S. ownership and operation of Foreign Disregarded Entities (FDEs) and Foreign Branches (FBs) to
A foreign corporation can be both a Controlled Foreign Corporation (CFC) and a Passive Foreign Investment Company
IRC Section 6038(b) imposes an automatic $10,000 penalty for each annual accounting period a U.S. person fails
Subpart F income (passive and certain other categories of CFC income) is taxed to U.S. shareholders in