Reid Kopald
- Tax planning
- Tax-efficient investments
- Retirement planning
- Estate planning
- Bachelor of Arts, University of Arizona
- Master of Science, University of Arizona
Articles
Form 8621: PFIC filing requirements, taxation & instructions (2026)
Form 8621 is the IRS information return for US taxpayers who own shares in a passive foreign investment company, or PFIC. If you hold a foreign mutual fund, a foreign ETF, a hedge fund, or certain foreign holding companies, you may need to file a separate Form 8621 for each PFIC you own, for each tax year a filing trigg...
What is a foreign trust? IRS rules, reporting forms, and deadlines (2026)
A foreign trust is any trust that fails either the court test or the control test under US tax law. If you are a US citizen or resident who owns, benefits from, or contributes to one – a foreign pension plan, an inherited family trust, or an estate structure set up abroad – you likely have IRS reporting obligations even if no US tax i...
Form 1040-V payment voucher: how to pay your US taxes
Form 1040-V is the IRS payment voucher you include when mailing a check or money order with your federal tax return. It applies to balance-due payments on Form 1040, 1040-SR, or ...
Form 8621 penalty: What happens if you fail to file your PFIC report in 2026
For a 2025 tax return filed in 2026, a Form 8621 penalty usually does not mean a fixed fine for the form itself. Missing PFIC information can instead extend the IRS assessment period under ...
Can a Non-US citizen spouse get Social Security benefits?
A non-US-citizen spouse can qualify for US Social Security on a worker’s record without becoming a US citizen. For 2025 benefits reported in 2026, eligibility, payment abroad, and US tax treatment are separate questions. The rules matter most when a couple retires outside the United States. A spouse may qualify for a benefit but s...