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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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Haven’t Filed Taxes in Years? Your Step-by-Step Guide to Getting Right With the IRS in 2026

If you haven’t filed taxes in years, you need to act now before the IRS takes enforcement

IRS Lost 27% of Its Workforce: Why Your Tax Problem May Take Longer to Resolve in 2026?

The IRS entered the 2026 filing season with roughly 74,000 employees, down from 102,000 at the start

Understanding a Complex Net Operating Loss Case

It’s common for family members to help when a parent or spouse faces IRS problems. But when

Understanding Post-Death Tax Filings: A CPA’s Guide to Trusts, Estates, and Final Returns

A professional CPA overview of post-death tax filings — understanding final Form 1040, trust Form 1041, EIN

Everything You Need to Know About the IRS Collection Financial Standards (2025)

A practitioner’s guide to the 2025 IRS Collection Financial Standards—how the PCE update affects allowances, what counts

IRS CSED Ultimate FAQ

The Collection Statute Expiration Date (CSED) is the clock that governs IRS collections. This Ultimate FAQ breaks

IRS Letter 566 FAQ: Audit by Mail Guide

Got IRS Letter 566? You’re in a correspondence exam (audit by mail). This Ultimate FAQ shows exactly

LT11 / Letter 1058 – Final Notice of Intent to Levy: Your Ultimate FAQ on CDP Hearings, Form 12153, and Levy Release

Opened LT11 (Letter 1058)? This Ultimate FAQ explains exactly what the Final Notice of Intent to Levy

CP40 Notice: Why Did the IRS Send Me to a Debt Collector?

The IRS CP40 notice means your unpaid tax debt has been assigned to a private collection agency.
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