No Blanket Wire Ban on Public Assistance, Officials Clarify
The U.S. Treasury has implemented new anti-fraud reporting measures in Minnesota, specifically targeting Hennepin and Ramsey counties. International…
Articles by & updated by Sai Sankar
Sell or Hold Foreign Mutual Funds: A Practical Guide for Immigrants
Foreign mutual funds are classified as PFICs by the IRS, requiring complex annual reporting via Form 8621 for…
India Tax Ruling on Mauritius Investments Shakes Global Investor Confidence
India's Supreme Court has ruled that Tax Residency Certificates are no longer sufficient for treaty benefits if an…
Direct Foreign Stocks: Safer, Simpler U.S. Tax Path for Immigrants
The 2026 U.S. tax guide for immigrants clarifies the reporting differences between direct stocks and pooled investments. It…
PFIC Tax Traps for Immigrants and NRIs: Real Examples and Alternatives
Owning non-U.S. mutual funds as a U.S. tax resident creates significant reporting burdens under the PFIC regime. Shareholders…
U.S. Expats in UAE: Tax Reporting on FBAR and Form 8938
The UAE offers significant local tax advantages, including no personal income or capital gains tax. However, for U.S.…
Export-Control Case Highlights Immigration Risks for NRIs and Visa Holders
A federal court in Oregon sentenced an Indian national for conspiring to route aviation components to Russia via…
2026 401(k) Contribution Limits: How Much You Can Defer
IRS 2026 retirement limits are increasing, with 401(k) deferrals reaching $24,500 and total additions hitting $72,000. For immigrants,…
Trump Plan Lets Penalty-Free 401(k) Withdrawals for Home Down Payments
The Trump administration plans to permit penalty-free 401(k) distributions for home down payments to address rising entry costs.…