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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 Foreign Assets Over $200K? Streamlined Filing May Help Reduce Form 8938 Penalties.

Form 8938 is required for U.S. taxpayers with foreign financial assets above $50,000 (single filers in the

Didn’t File FBAR on Your Foreign Bank Account? The Penalty Is $10,000. Streamlined Filing May Reduce It to Zero.

If you held a foreign bank account with a balance exceeding $10,000 at any point during the

How to Retrieve Your IRS Identity Protection PIN (IP PIN)?

To retrieve your IRS IP PIN, log in to your IRS Online Account at IRS.gov and check

What Do IRS Transcript Codes 150, 806, 766, and 768 Mean?

IRS transcript codes 150, 806, 766, and 768 are transaction codes on your IRS account transcript. Code

Moved to Miami From a High-Tax State? Here’s Why the IRS May Still Be Watching

What triggers an IRS audit after moving to Miami? Relocating from a high-tax state like New York,

Can You Resolve a Federal Tax Lien on Your Own? DIY vs. Professional Help

Yes, some federal tax lien cases can be resolved without hiring a professional. If you owe under

Tax Lien Attorney vs. CPA: Who Should Handle Your IRS Lien Case?

Both tax attorneys and CPAs can represent you before the IRS for a federal tax lien case.

IRS Fresh Start Program and Federal Tax Liens: Do You Qualify?

The IRS Fresh Start Program changed federal tax lien rules in two significant ways. First, the IRS raised

Federal Tax Lien and Bankruptcy: What Survives Chapter 7 and Chapter 13

Filing bankruptcy can eliminate your personal obligation to pay a tax debt. But the federal tax lien

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