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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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How Unemployment Claims Affect Your Massachusetts Employer Rate

Benefits paid on a claim are charged to the employer’s account, and those charges feed the reserve

SUTA and FUTA in Massachusetts: How Paying the State Late Multiplies the Federal Bill

Federal unemployment tax is 6.0% on the first $7,000 of each employee’s wages, reduced to an effective

What Triggers a Massachusetts Reemployment Tax Audit: Claims, Mismatches and Random Selection

Massachusetts runs two kinds of employer audit. Random selection draws firms from the unemployment insurance database regardless

Massachusetts PFML Contributions: Rates, the 25 Person Rule and What Employers Withhold

Massachusetts paid family and medical leave contributions total 0.88% of eligible wages for employers with 25 or

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The Employer Medical Assistance Contribution is a Massachusetts payroll tax on the first $15,000 of each employee’s

Massachusetts Unemployment Insurance Contribution Rates 2026: Experience Rating Explained

Massachusetts employers pay unemployment contributions on the first $15,000 of each employee’s wages. New employers pay an

Penalties for Massachusetts UI Noncompliance: Misclassification Fines, Interest and Personal Liability

Misclassification exposure in Massachusetts is not one bill. Unpaid unemployment contributions and interest are assessed by the

Responding to a DUA Audit Notice: The Document Checklist and First 10 Days

A DUA notice names a period, lists the records required, and sets a deadline. Correspondence is often

Worker Misclassification in Massachusetts: The ABC Test That Decides Every Audit

Massachusetts presumes every worker is an employee. To treat someone as an independent contractor, the business must

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