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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 Passport Revocation: Definitive Guide, Part II – Advanced FAQ

Part I of this guide covered the fundamentals every taxpayer needs to know: the $64,000 certification threshold,

IRS Passport Revocation: Definitive Guide, Part 1 – FAQ

The IRS passport revocation program blindsides more Americans every year. People show up at airports and consulates

Staying Ahead of IRS Communications: The Importance of Keeping Your Address Updated

An outdated address on file with the IRS can cause you to miss critical notices about audits,

IRS Levy Help in Doral, FL – What to Do When the IRS Seizes Your Assets

What is an IRS levy? An IRS levy is a legal seizure of your property or assets

Federal Tax Lien Response Timeline: Deadlines You Can’t Miss

After the IRS files a federal tax lien, you have 30 days from the date of Letter

How to Get a Federal Tax Lien Removed: Release vs. Withdrawal?

There are four ways to remove or reduce the impact of a federal tax lien: release (debt

Federal Tax Lien vs. Tax Levy – What’s the Difference?

A federal tax lien is a legal claim the IRS places on your property to secure a

I Just Received a Federal Tax Lien – Now What?

A federal tax lien is the IRS’s legal claim against all your property, including real estate, bank

IRS Is Using AI to Speed Up Wage Garnishments in 2026: What You Need to Know?

The IRS is now using artificial intelligence to accelerate wage garnishment decisions and enforcement actions in 2026.

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