...

Blog Posts

Search

Category
Sub category

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

Pick Your Category

Colombianos con propiedades o inversiones en EE. UU.: cuándo presentar una declaración de impuestos en EE. UU. es la opción más segura

Por Ed Parsons, CPA ¿Necesita presentar impuestos en EE. UU.? Respuesta rápida No todo colombiano que vive

Refund Grande, Preparador Barato y Taxes que No Cuadran: El Riesgo Real para Colombianos en Miami

Large Tax Refunds and Cheap Preparers: Risks for Colombians in Miami Un refund grande se siente bien.

Rejected Streamlined Filing? Your IRS Exposure Can Escalate Quickly

A rejected streamlined filing eliminates the 5% penalty reduction permanently for the assets covered in the submission.

Form 14654 Mistakes Can Increase Your Streamlined Filing Penalty Exposure

Form 14654 is the IRS certification used for the Streamlined Domestic Offshore Procedures. It combines three high-risk

Americans Moving to Colombia: U.S. Tax Rules That Still Follow You

Moving to Colombia can change your lifestyle, your cost of living, your banking, your income, and your

¿Tus Taxes No Cuadran? CPA Review para Colombianos en Miami

Antes de amendar, ignorarlo o esperar una carta del IRS, revisa qué muestra tu record y qué

CPA Tax Refund & Risk Assessment for Colombians in Miami

Worried your U.S. tax return missed something from Colombia? Start with a CPA-led review before you amend,

Why IRS Transcripts Are Not Enough for Colombian Taxpayers

IRS transcripts can tell part of the story. They may show filing history, refund activity, payments, penalties,

What a CPA Can Find in Your IRS Transcripts

You may know what your tax return says. But do you know what the IRS record says?

Yes, I can Meet In …
I am Available to Represent You in …