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Ed Parsons, CPA

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United States
Doral, FL
Ed Parsons, CPA

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Expert IRS Tax Resolution Since 2009. I solve complex IRS audits, collections, and tax problems with precision and personal attention.

Serving clients across the US and internationally. ⚖️💼

10/16/2026

🚨 IRS Tax Debt & Passport Action in 2026! ✈️❌

Thinking $62,000 is still the limit? The IRS indexed threshold for "seriously delinquent" tax debt is now over $66,000 for 2026. 📈
Penalties & interest across all open years can easily trigger CP508C notice & passport revocation under IRC Section 7345.

Read full details: https://edparsonscpa.com/62000-irs-tax-debt-threshold-passport-action/

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10/15/2026

🌴 𝗥𝗲𝗺𝗼𝘁𝗲 𝗪𝗼𝗿𝗸 𝗳𝗿𝗼𝗺 𝗖𝗼𝗹𝗼𝗺𝗯𝗶𝗮?

Don’t miss these essential U.S. tax rules! 🇨🇴🇺🇸
Living abroad doesn't end your IRS duties. From 15.3% self-employment tax to FBAR reporting ($10K+) and no tax treaty, stay fully compliant.

👉 Read full guide: https://edparsonscpa.com/remote-work-from-colombia-the-u-s-tax-issues-nomads-miss/

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10/14/2026

✈️ 𝗟𝗶𝘃𝗶𝗻𝗴 𝗮𝗯𝗿𝗼𝗮𝗱 𝗮𝘀 𝗮 𝗨.𝗦. 𝗰𝗶𝘁𝗶𝘇𝗲𝗻 𝗼𝗿 𝗴𝗿𝗲𝗲𝗻 𝗰𝗮𝗿𝗱 𝗵𝗼𝗹𝗱𝗲𝗿?

U.S. taxes follow your passport! 🌐 From FBAR & FATCA to foreign corporations, unfiled disclosures trigger heavy penalties & passport revocation. Learn how Streamlined Filing helps you stay compliant abroad. 📑👇

🔗 Read full guide: https://edparsonscpa.com/us-taxes-for-digital-nomads/

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10/13/2026

🏡 𝗢𝘄𝗻𝗶𝗻𝗴 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗶𝗻 𝗖𝗼𝘀𝘁𝗮 𝗥𝗶𝗰𝗮 𝘃𝗶𝗮 𝗮 𝗹𝗼𝗰𝗮𝗹 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻 (𝗦.𝗔./𝗦.𝗥.𝗟.)?

Beware of the IRS Form 5471 trap! ⚠️ Even with $0 rental income, unfiled returns carry a steep $10,000/year penalty.

Learn how to protect your investment and stay compliant: 📌
https://edparsonscpa.com/costa-rica-corporation-form-5471/

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10/12/2026

Are you compliant with foreign asset reporting?

Choosing the wrong IRS Streamlined track can trigger total rejection & severe penalties! 🚨
Key Differences: 🌐 SFOP: 0% Penalty (Must meet 330+ days foreign residency) 🏡 SDOP: 5% Penalty (For US residents)

Avoid costly filing mistakes with expert guidance! ⚖️

🔗 Read full guide: https://edparsonscpa.com/sdop-vs-sfop-streamlined-domestic-foreign-comparison/

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10/09/2026

📌 Do you need to file IRS Form 8621 for your foreign investments?

Direct or indirect PFIC shareholders must file if they receive distributions, sell shares, or make QEF/MTM elections. Even holding a quiet fund over $25k triggers annual reporting! Skipping it leaves your whole tax return open to audits indefinitely. 🛡️

🔗 Read full guide: https://edparsonscpa.com/form-8621-who-must-file/

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10/08/2026

⚖️ 𝗜𝗥𝗦 𝗧𝗮𝘅 𝗟𝗶𝗲𝗻 𝘃𝘀. 𝗧𝗮𝘅 𝗟𝗲𝘃𝘆: 𝗪𝗵𝗮𝘁’𝘀 𝘁𝗵𝗲 𝗗𝗶𝗳𝗳𝗲𝗿𝗲𝗻𝗰𝗲?

A lien locks your property with a legal claim 📜, while a levy actually seizes your wages & bank accounts 🏦. Don't wait until it's too late! You have 30 days to request a CDP hearing and protect your assets 🚨.

👉 Read full guide:https://edparsonscpa.com/federal-tax-lien-vs-tax-levy/

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10/07/2026

🌐 Holding foreign mutual funds or ETFs?

They are almost certainly classified as PFICs by the IRS!
PFICs face harsh tax rules and compound interest charges. Holding a non-U.S. fund triggers annual Form 8621 reporting, and skipping it leaves your tax return open to audits indefinitely! 🛡️
Ensure tax compliance today.

🔗 Read full guide: https://edparsonscpa.com/is-my-foreign-mutual-fund-a-pfic/

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10/06/2026

📊 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝗜𝗥𝗦 𝗙𝗼𝗿𝗺 𝟱𝟰𝟳𝟭?

Understanding your Filer Category is key!
Categories 1 through 5 decide which schedules (E&P, Subpart F, GILTI) you must file. Overlapping categories require just one Form 5471, but missing required schedules can lead to a $10,000 penalty! 🛑

Ensure full tax compliance today.

🔗 Read full guide: https://edparsonscpa.com/form-5471-filing-categories/

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10/05/2026

📈 𝗛𝗼𝗹𝗱𝗶𝗻𝗴 𝗳𝗼𝗿𝗲𝗶𝗴𝗻 𝗺𝘂𝘁𝘂𝗮𝗹 𝗳𝘂𝗻𝗱𝘀 𝗼𝗿 𝗘𝗧𝗙𝘀?
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They might be classified as a PFIC by the IRS!
Without special elections (QEF or Mark-to-Market), PFIC gains face punitive tax rates and severe interest charges. Each fund requires Form 8621, and unfiled forms keep your U.S. tax return open to audits indefinitely! 🛡️

🔗 Read full guide: https://edparsonscpa.com/what-is-a-pfic/

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Address

11601 Lakeside Drive
Doral, FL
33178

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

(786)2658578

Website

https://edparsonscpa.com/

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