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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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IRS Reclassified Your Foreign Company as a CFC? Streamlined Filing May Help Reduce the Damage.

If the IRS reclassifies your foreign company as a Controlled Foreign Corporation (CFC) under the constructive ownership

Trying to Reduce GILTI Tax Exposure? Why Streamlined Filing and Section 962 Planning Matter.

Section 962 is an election that lets individual U.S. shareholders of a Controlled Foreign Corporation (CFC) pay

How IRS Transcripts Can Reveal Refunds, Penalties, and Filing Problems

You filed your tax return. Maybe the refund never came. Maybe the refund was smaller than expected.

Selling Property in Colombia: U.S. Tax Return Issues to Review

You sold property in Colombia, or you are about to sell. Maybe it was an apartment in

Reporting Colombian Rental Property on a U.S. Tax Return

You live in Miami, but you own property in Colombia. Maybe it is an apartment in Medellín,

Foreign Tax Credit Mistakes for Colombian Taxes Paid

You paid taxes in Colombia. Maybe DIAN withheld tax. Maybe you paid Colombian tax on rental income,

FBAR vs Form 8938 for Colombian Accounts

You have cuentas en Colombia, and now you are seeing two terms everywhere: FBAR and Form 8938.

Colombian Bank and other Financial Accounts, FBAR, and Form 8938

You have cuentas en Colombia. Maybe one account. Maybe several. Maybe a savings account, checking account, investment

Taxes Colombia USA: What Dual Citizens Often Miss

Being a U.S./Colombia dual citizen can make taxes feel confusing fast. You may live in Miami, file

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