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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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Massachusetts R&D Credits and Startup Payroll Offsets: Money Back for Building in Cambridge

The federal research credit can be elected against payroll taxes by qualifying small businesses, which turns it

What Are the Key Penalties for Failing to File FBAR or PFIC Reports

Understand FBAR non-willful penalties up to $16,536 and willful penalties up to $165,353. Edward Parsons, CPA explains

Is SaaS Taxable in Massachusetts? Sales Tax Rules for Software Startups

Massachusetts treats prewritten computer software as tangible personal property, taxable regardless of how it is delivered. The

PFIC Reporting Obligations for U.S. Taxpayers in United States

U.S. taxpayers holding PFIC shares must file Form 8621 when distributions, gains, or elections occur. Edward Parsons,

Massachusetts DOR Notices and Abatement: How to Dispute an Assessment with Form ABT

A Massachusetts assessment can be disputed by filing an application for abatement, generally by the latest of

Where Is My Massachusetts Tax Refund? Timelines, Status Checks and Why Refunds Stall

Massachusetts issues most e-filed refunds in about 4 to 6 weeks with direct deposit, and paper returns

MassTaxConnect: The Complete Guide to Massachusetts DOR Online Accounts

MassTaxConnect is the Massachusetts Department of Revenue’s online portal for registering, filing, paying and corresponding about state

Common Mass DOR Issues for MIT and Harvard Startups: The Founder Playbook

Delaware incorporation does not exempt a company from Massachusetts tax. A corporation with nexus here files the

Massachusetts Payroll Tax Setup: The Accounts, the Order and the Question Nobody Expects

A Massachusetts employer registers with two agencies. Withholding and paid family and medical leave are set up

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