Understanding Depreciation: Types of Property and Cost Recovery Methods
Depreciation lets U.S. business owners and immigrants deduct costs of tangible property used for income over years. Capital…
Articles by & updated by Sai Sankar
U.S. Restores 12-Month Interview Waiver for Most B1/B2 Renewals Sept 2025
From September 2025, only B1/B2 visa renewals within 12 months expire qualify for interview waivers. H1B and F1…
Visa Delays Jeopardize Fall 2025 Plans for Thousands of Indian Students
F-1 visa approvals for Indian students dropped sharply in 2025 due to appointment freezes, new social media rules,…
H-1B Visa Holder’s Promotion to Electrical Engineer Risks Legal Status
USCIS now enforces stricter rules on H 1B visa promotions. Employers must file amendments for significant job changes…
Understanding Like-Kind Exchanges of Real Property Under Section 1031
Section 1031 updates in 2025 expand property eligibility, add a $5 million gain deferral limit, and tighten IRS…
Loss Deduction Rules for Property Sales Between Related Parties
Under IRS rules, losses on property sales between related parties like family members are nondeductible. Taxpayers must identify…
Understanding Installment Sales in Property Disposition and Tax Reporting
Immigrants selling property in the U.S. must understand installment sales, adjusted basis, and depreciation recapture. Proper documentation and…
Disposition or Sale of Property in Involuntary Conversion Cases
Involuntary conversion is a property loss event treated as a sale by the IRS with special tax relief…
Tax Treatment for Worthless Securities and Property Disposition
Taxpayers owning stocks or bonds that become completely worthless can claim a loss using IRS Form 8949 and…