Taxpayers Must Mail Form 843 for Pandemic Penalty Relief by July 2026
The IRS deadline to claim refunds for pandemic-era late filing penalties is July 10, 2026. Taxpayers must mail…
Articles by & updated by Sai Sankar
U.S. Homeland Security Reviews 10 Countries, Including UAE, Where Crypto Gains Stay Tax-Free
USCIS and DHS tighten 2026 scrutiny on crypto profits in immigration cases, requiring full documentation despite zero-tax policies…
Labor Spares First Investment Properties in Negative Gearing, CGT Reform
Labor confirms July 2025 overhaul of negative gearing and CGT discounts, protecting only first investment properties while sparking…
₹12 Lakh Section 87A Rebate Doesn’t Shield Jewellery Long-Term Capital Gains
Clarifying India's 2026 tax rules: Jewellery LTCG follows the ₹4 lakh exemption limit, not the ₹12 lakh rebate…
LLC Members and Foreign Investors Must Track Outside Basis with Recourse and Nonrecourse Debt
Outside basis determines if partnership losses are deductible and if distributions are taxable, fluctuating based on income, contributions,…
Form 121 Replaces Forms 15G and 15H for TDS Declarations at Post Offices
India replaces Forms 15G/15H with Form 121 starting April 2026 to prevent TDS on interest income for residents…
Homeland Security Proposes Fixed Visa Terms, Threatening Optional Practical Training
DHS proposes replacing 'duration of status' with fixed stay limits for F, J, and I visas in 2026,…
USCIS and Labor Department Data Mislead as H-1B Visa Numbers Mix New and Existing Workers
Confusion over H-1B data persists as public reports often conflate new worker entries with simple status extensions and…
Companies and Co-Ops Keep Normal Depreciation Under Concessional Tax Regimes. But Lose Additional
Indian companies must choose between lower tax rates and additional depreciation incentives under sections 115BAA, 115BAB, and 115BAD…