Ed Parsons, CPA

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Ed Parsons, CPA 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. โš–๏ธ๐Ÿ’ผ

10/23/2026

Living in Colombia & behind on U.S. taxes?

Tax compliance follows citizenship, not addressโ€”but the IRS Streamlined Foreign Offshore Procedures offer a clean, penalty-free path back! ๐Ÿ“œโœจ
File 3 years of tax returns, 6 years of FBARs, and a non-willful certification to get fully current. ๐Ÿ›ก๏ธ
๐Ÿ‘‰ Read full guide & catch up: https://edparsonscpa.com/in-colombia-and-behind-on-u-s-taxes-streamlined-filing-explained/

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10/22/2026

๐—”๐—ฟ๐—ฒ ๐—ณ๐—ผ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป ๐—˜๐—ง๐—™๐˜€ ๐—ฃ๐—™๐—œ๐—–๐˜€? ๐Ÿ“ˆ

Non-U.S. domiciled ETFs (like European UCITS) are almost always PFICs for U.S. taxpayersโ€”even if they hold U.S. stocks! Tax status depends on domicile, not holdings.

Check your ISIN code before investing. Read the full guide here: ๐Ÿ”— https://edparsonscpa.com/are-foreign-etfs-pfics/

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10/21/2026

Can the IRS ask the State Dept to revoke your U.S. passport under IRC ยง 7345?

Yes. Section 7345 allows the IRS to certify seriously delinquent tax debt, leading to passport denial or revocation.
Federal courts consistently uphold this law. Resolving the underlying tax debt is the only effective solution.

Read the full legal breakdown here: https://edparsonscpa.com/can-irs-revoke-passport-section-7345/

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10/20/2026

๐— ๐—ผ๐˜ƒ๐—ถ๐—ป๐—ด ๐˜๐—ผ ๐˜๐—ต๐—ฒ ๐—จ.๐—ฆ. ๐˜„๐—ถ๐˜๐—ต ๐—ณ๐—ผ๐—ฟ๐—ฒ๐—ถ๐—ด๐—ป ๐—ณ๐˜‚๐—ป๐—ฑ๐˜€?โœˆ๏ธ

Your home-country mutual funds & ETFs could be treated as PFICs, leading to unexpected taxes! ๐Ÿ“‰ Discover why Year 1 is your crucial window to protect your investments and avoid harsh IRS penalties. ๐Ÿ“Šโš–๏ธ

๐Ÿ“– Read full guide: https://edparsonscpa.com/pfic-for-new-us-residents/

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10/19/2026

๐—ข๐˜„๐—ป๐—ถ๐—ป๐—ด ๐—ฎ ๐—–๐—ผ๐˜€๐˜๐—ฎ ๐—ฅ๐—ถ๐—ฐ๐—ฎ๐—ป ๐—ฆ.๐—”.?

U.S. tax reporting goes far beyond Form 5471. From CFC & PFIC rules to Subpart F, GILTI, and Form 8858โ€”each missing form carries a $10,000 penalty.

๐Ÿ“‰ Understand your full international tax compliance picture: ๐Ÿ‘‰ https://edparsonscpa.com/costa-rica-s-a-holding-companies-and-u-s-form-5471-reporting/

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10/16/2026

๐Ÿšจ IRS Tax Debt & Passport Action in 2026! โœˆ๏ธโŒ

Thinking $62,000 is still the limit? The IRS indexed threshold for "seriously delinquent" tax debt is now over $66,000 for 2026. ๐Ÿ“ˆ
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

๐ŸŒด ๐—ฅ๐—ฒ๐—บ๐—ผ๐˜๐—ฒ ๐—ช๐—ผ๐—ฟ๐—ธ ๐—ณ๐—ฟ๐—ผ๐—บ ๐—–๐—ผ๐—น๐—ผ๐—บ๐—ฏ๐—ถ๐—ฎ?

Donโ€™t miss these essential U.S. tax rules! ๐Ÿ‡จ๐Ÿ‡ด๐Ÿ‡บ๐Ÿ‡ธ
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.

๐Ÿ‘‰ Read full guide: https://edparsonscpa.com/remote-work-from-colombia-the-u-s-tax-issues-nomads-miss/

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10/14/2026

โœˆ๏ธ ๐—Ÿ๐—ถ๐˜ƒ๐—ถ๐—ป๐—ด ๐—ฎ๐—ฏ๐—ฟ๐—ผ๐—ฎ๐—ฑ ๐—ฎ๐˜€ ๐—ฎ ๐—จ.๐—ฆ. ๐—ฐ๐—ถ๐˜๐—ถ๐˜‡๐—ฒ๐—ป ๐—ผ๐—ฟ ๐—ด๐—ฟ๐—ฒ๐—ฒ๐—ป ๐—ฐ๐—ฎ๐—ฟ๐—ฑ ๐—ต๐—ผ๐—น๐—ฑ๐—ฒ๐—ฟ?

U.S. taxes follow your passport! ๐ŸŒ From FBAR & FATCA to foreign corporations, unfiled disclosures trigger heavy penalties & passport revocation. Learn how Streamlined Filing helps you stay compliant abroad. ๐Ÿ“‘๐Ÿ‘‡

๐Ÿ”— Read full guide: https://edparsonscpa.com/us-taxes-for-digital-nomads/

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10/13/2026

๐Ÿก ๐—ข๐˜„๐—ป๐—ถ๐—ป๐—ด ๐—ฝ๐—ฟ๐—ผ๐—ฝ๐—ฒ๐—ฟ๐˜๐˜† ๐—ถ๐—ป ๐—–๐—ผ๐˜€๐˜๐—ฎ ๐—ฅ๐—ถ๐—ฐ๐—ฎ ๐˜ƒ๐—ถ๐—ฎ ๐—ฎ ๐—น๐—ผ๐—ฐ๐—ฎ๐—น ๐—ฐ๐—ผ๐—ฟ๐—ฝ๐—ผ๐—ฟ๐—ฎ๐˜๐—ถ๐—ผ๐—ป (๐—ฆ.๐—”./๐—ฆ.๐—ฅ.๐—Ÿ.)?

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

Learn how to protect your investment and stay compliant: ๐Ÿ“Œ
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! ๐Ÿšจ
Key Differences: ๐ŸŒ SFOP: 0% Penalty (Must meet 330+ days foreign residency) ๐Ÿก SDOP: 5% Penalty (For US residents)

Avoid costly filing mistakes with expert guidance! โš–๏ธ

๐Ÿ”— Read full guide: https://edparsonscpa.com/sdop-vs-sfop-streamlined-domestic-foreign-comparison/

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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

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