Foreign Tax Credit Archives

CPA tax staff building a review-ready Form 8621 PFIC file from passive-income and asset testing through ownership, section 1291, QEF, mark-to-market, basis, excess distributions, elections, and cross-form review

14 Sep

Form 8621 Training for Tax Staff: Build PFIC, QEF, and Mark-to-Market Reporting Competence

Accounting Workforce Development / Tax Advisory

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 14, 2026 | 46-minute read TL;DR — The Short Answer Form 8621 training should teach tax staff to identify the PFIC before selecting the regime. The hardest work happens before Part III, IV, or V: entity

CPA tax staff building a review-ready Form 8865 foreign partnership filing architecture from ownership and filer categories through partnership schedules, K-2 and K-3, related transactions, section 721(c), property transfers, ownership changes, and penalty controls

14 Sep

Form 8865 Training for Tax Staff: Foreign Partnerships, Filer Categories, and Review-Ready Reporting

Accounting Workforce Development / Tax Advisory

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 14, 2026 | 46-minute read TL;DR — The Short Answer Form 8865 training should teach tax staff to determine the filing category before they determine the schedules. A controlled foreign partnership, a 10% U.S. partner, a

CPA tax staff building a review-ready Form 8858 filing architecture from foreign disregarded entity and foreign branch identification through filer categories, ownership, U.S. GAAP schedules, section 987, foreign taxes, related transactions, and penalty controls

11 Sep

Form 8858 Training for Tax Staff: Foreign Disregarded Entities, Foreign Branches, and Review Readiness

Accounting Workforce Development

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 11, 2026 | 45-minute read TL;DR — The Short Answer Form 8858 training should teach tax staff to build the foreign-unit reporting architecture before they open the tax software. The return starts with the FDE/foreign-branch population,

CPA tax staff building a review-ready Form 5471 filing architecture from U.S. shareholder ownership and filer categories through CFC schedules, E&P, PTEP, foreign taxes, distributions, and shareholder return tie-outs

04 Sep

Form 5471 Training for Tax Staff: Build Foreign Corporation Reporting Competence Without Missing the Filing Architecture

Accounting Workforce Development / Tax Advisory

By Vincent Howard, CPA | Managing Partner, Howard, Howard and Hodges | SkillAbility for Accounting Firms Last updated: September 4, 2026 | 43-minute read TL;DR — The Short Answer Form 5471 training should teach tax staff to build the filing architecture before they prepare the schedules. The return starts with ownership, attribution, filer category, corporation

Foreign Tax Credit Archives - SkillAbility

Form 8621 Training for Tax Staff: Build PFIC, QEF, and Mark-to-Market Reporting Competence

Form 5471 Training for Tax Staff: Build Foreign Corporation Reporting Competence Without Missing the Filing Architecture

SUBSCRIBE TO OUR NEWSLETTER

Foreign Tax Credit Archives - SkillAbility

Form 8621 Training for Tax Staff: Build PFIC, QEF, and Mark-to-Market Reporting Competence

Form 8865 Training for Tax Staff: Foreign Partnerships, Filer Categories, and Review-Ready Reporting

Form 8858 Training for Tax Staff: Foreign Disregarded Entities, Foreign Branches, and Review Readiness

Form 5471 Training for Tax Staff: Build Foreign Corporation Reporting Competence Without Missing the Filing Architecture

Recent Search Keywords