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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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Unreported GILTI Income? Streamlined Filing May Help Limit IRS Penalty Exposure

GILTI (Global Intangible Low-Taxed Income), renamed NCTI under the 2026 One Big Beautiful Bill Act, taxes U.S.

Unreported CFC Earnings and Profits Problems? Why Streamlined Filing Matters.

Schedule J of Form 5471 tracks a Controlled Foreign Corporation’s accumulated earnings and profits (E&P) and previously

Filed the Wrong Form 5471 Category? Streamlined Filing May Help Correct Past IRS Exposure.

Form 5471 has five filer categories under IRC Sections 6038 and 6046. Each category triggers a different

Unreported Foreign Corporation Ownership? Streamlined Filing May Help Reduce Form 5471 Penalties.

If you own 10% or more of a controlled foreign corporation and have not filed Form 5471,

Colombian Company CFC and Form 5471 CPA Review: What Ed Parsons Looks For

Colombian CFC & Form 5471 Compliance Review by Ed Parsons By Ed Parsons, CPA | Updated May

Colombian SAS, CFC Rules, and Form 5471 for U.S. Taxpayers – Part 2

Step Five: Understand GILTI and Why No Dividend May Still Matter One of the most expensive misunderstandings

Colombian SAS, CFC Rules, and Form 5471 for U.S. Taxpayers

Colombian SAS, CFC Rules, and Form 5471 for U.S. Taxpayers By Ed Parsons, CPA | Updated May

Own a Colombian Company? CFC Rules May Affect Your U.S. Tax Return

Own a Colombian Company? CFC Rules May Affect Your U.S. Tax Return By Ed Parsons, CPA |

Contadores en Colombia: cuando los ingresos de EE. UU. crean preguntas de reporte colombiano y filing ante el IRS

¿Su cliente residente fiscal colombiano tiene ingresos de fuente estadounidense, impuestos pagados en EE. UU., retenciones en

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