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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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Cuentas en Colombia y el IRS: What Dual US / Colombian Taxpayers Should Know

You live in Miami, but you still have cuentas en Colombia. Maybe it is a savings account

Common U.S. Tax Return Mistakes for dual US/Colombian Taxpayers

You filed your U.S. taxes. Maybe you got a refund. Maybe the return was accepted. Maybe your

Do Colombians in Miami Need to Report Colombian Income on U.S. Taxes?

You live in Miami. You filed a U.S. tax return. But you also have Colombia in your

Me Prepararon Mal Los Taxes? What Colombians in Miami Should Check First

Worried que te prepararon mal los taxes? Learn what Colombians in Miami should check first, including ingresos

Streamlined Domestic Penalties Explained: What Most Taxpayers Miss

The 5% Streamlined Domestic Offshore Procedures (SDOP) penalty is calculated on the highest aggregate year-end value of

Domestic vs Foreign Streamlined Filing: Choosing the Wrong Program Can Be Costly

The Streamlined Foreign Offshore Procedures (SFOP) carry a zero penalty, while the Streamlined Domestic Offshore Procedures (SDOP)

Unreported PFICs? How Streamlined Filing May Help Reduce Brutal IRS Taxes and Penalties?

A Passive Foreign Investment Company (PFIC) includes most foreign mutual funds, ETFs, and investment funds held outside

Received Foreign Trust Money Without Filing Form 3520? Here’s How Streamlined Filing May Help

If you received money or property from a foreign trust and did not file Form 3520, the

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