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Ed Parsons, CPA

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United States
Doral, FL
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. ⚖️💼

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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10/02/2026

📑 𝗗𝗼 𝘆𝗼𝘂 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗳𝗶𝗹𝗲 𝗜𝗥𝗦 𝗙𝗼𝗿𝗺 𝟱𝟰𝟳𝟭?

If you own 10%+ of a foreign company (or control one), you may be required to file! ⚠️
Beware: Constructive ownership rules count stock held by family or related entities too.
Even small or dormant corporations qualify, and missing it triggers a $10,000 penalty! 🛡️

🔗 Find out if you must file: https://edparsonscpa.com/who-must-file-form-5471/

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10/01/2026

💼 𝗢𝘄𝗻 𝗮 𝗖𝗼𝗻𝘁𝗿𝗼𝗹𝗹𝗲𝗱 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻 (𝗖𝗙𝗖)?

Beware of Subpart F Income! The IRS taxes U.S. shareholders on passive income (dividends, interest, royalties) & related-party profits in the year earned—EVEN IF no money was distributed! 🛑

Learn how to navigate Subpart F rules and protect your earnings.

🔗 Read full guide: https://edparsonscpa.com/what-is-subpart-f-income/

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09/30/2026

🌐 Own 10%+ of a foreign company? Failing to file IRS Form 5471 can cost you a mandatory $10,000 penalty per year, per corporation! ⚠️

Even dormant companies are required to report. Missing it also leaves your entire U.S. tax return open to an IRS audit indefinitely. Protect your global business from costly penalties! 🛡️

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

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09/29/2026

💼 Foreign financial assets over $50k? Missing Form 8938 can cost you an immediate $10,000 IRS penalty! ⚠️

Remember, filing FBAR alone isn't enough. If your non-compliance was unintentional, the IRS Streamlined Filing Compliance Procedures can help you slash or completely erase those heavy fines before the IRS catches up! 🛡️

🔗 Read full guide: https://edparsonscpa.com/streamlined-filing-form-8938-penalties/

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09/28/2026

📝 Want to remove an IRS Federal Tax Lien from public records entirely?

Use IRS Form 12277 for a Lien Withdrawal! Unlike a simple release, a withdrawal erases the public record as if it never existed. Qualify under the Fresh Start DDIA program ($25k or less owed) and protect your credit & property! 🔒

🔗 Read full guide: https://edparsonscpa.com/irs-form-12277-how-to-request-a-federal-tax-lien-withdrawal/

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09/25/2026

📊 𝗣𝗿𝗼𝗳𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗧𝗮𝘅 𝗖𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗽𝗿𝗼𝘁𝗲𝗰𝘁𝘀 𝘆𝗼𝘂𝗿 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗳𝗿𝗼𝗺 𝗵𝗲𝗮𝘃𝘆 𝗽𝗲𝗻𝗮𝗹𝘁𝗶𝗲𝘀 𝗮𝗻𝗱 𝗮𝘂𝗱𝗶𝘁 𝗿𝗶𝘀𝗸𝘀!

Edward Parsons, CPA offers direct, expert guidance on complex domestic & international tax issues like FBAR & PFIC reporting. Ensure your peace of mind today! 🔒

🔗 Read full article: https://edparsonscpa.com/why-professional-tax-compliance-matters/

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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

Website

https://edparsonscpa.com/

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