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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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What Counts as a Taxable Meal in Massachusetts: Bakeries, Coffee, Takeout and Catering

A taxable meal in Massachusetts is food or drink prepared for immediate consumption and sold by a

Boston Meals Tax and the Local Option: Which Massachusetts Cities Charge 7%

Boston charges 7% on restaurant meals: the 6.25% state tax plus the 0.75% local option excise. A

Massachusetts Restaurant Tax Rate: How the 6.25% Plus 0.75% Actually Works

The 7% on a Massachusetts restaurant check is two taxes: the 6.25% state sales tax on meals

Massachusetts Alcohol Tax for Bars and Pubs: Excise, Sales Tax and the Pour

Massachusetts taxes alcohol in two places. A per-gallon excise is paid upstream and built into the wholesale

Massachusetts Food Tax: Groceries vs Prepared Food (What Is Taxed and What Is Not)

Grocery food is exempt from Massachusetts sales tax and prepared meals are taxed at 6.25% plus any

Massachusetts Meals Tax: The Complete Guide for Restaurants, Pubs and Diners

The Massachusetts meals tax is 6.25%, and most cities and towns add a 0.75% local option, making

Fbar Foreign Pension Reporting Requirements

Learn when foreign pensions trigger FBAR reporting. Edward Parsons, CPA explains the $10,000 threshold and filing obligations

How to Resolve FBAR Delinquency for Expats in Australia

Resolve FBAR delinquency for Australian superannuation accounts using Streamlined Filing Compliance Procedures.

How Do Your Pricing Structures for FBAR Pension Filings Work

Transparent FBAR pension filing costs based on account complexity. Edward Parsons, CPA reviews each case to quote
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