Reid Kopald
Articles
QEF election explained: How to use the Qualified Electing Fund for PFIC reporting
Before diving into a QEF election, it helps to see where the problem begins. Many US shareholders invest overseas and only later learn the IRS treats their fund as a ...
IRS first-time penalty abatement: requirements, Form 843, and sample letter
Instant answer: ...
Form 8814: Parent's election to report child's interest and dividends
Form 8814 allows parents to report a child's investment income on their own tax return instead of filing a separate return for the child. This election is generally available when the child is otherwise required to f...
Foreign Investment Tax for US expats: Rules, forms, and reporting
US taxpayers generally pay US tax on foreign investment income for the 2025 tax year, even when the account is outside the United States. A foreign country may also withhold or assess tax on dividends, interest, or gains. The foreign tax credit can reduce double taxation when the foreign tax qualifies. Ext...
O-1 visa tax filing requirements: 1040 vs 1040-NR, payroll taxes, and worldwide income
O-1 visa tax obligations depend on tax residency status, not the visa itself. The IRS uses tax-residency rules to decide whether an O-1 holder is taxed as a nonresident alien or resident...