Tax Authorities Target Businesses with False Entries, Audit Failures, and Poor Bookkeeping
India's tax landscape shifts in 2026, enforcing strict penalties for book-keeping and audit failures under the 1961 and…
Articles by & updated by Sai Sankar
Income Tax Department Clarifies 234B Is Interest, Not Penalty, as CBDT Updates Rules
India enacts the Income-tax Act 2025 effective April 1, 2026. Taxpayers must navigate a dual system for penalty…
Resident Aliens and FBAR Filing: April 15 Deadline for Foreign Account Reporting
The 2026 FBAR deadline is April 15. Resident aliens with foreign accounts over $10,000 must file FinCEN Form…
Immigrants Face Penalties for FBAR and FATCA Noncompliance Even with Good Moral Character
USCIS now links tax compliance, specifically FBAR and FATCA reporting, to good moral character reviews for naturalization and…
Michigan 2026 Retirement Income Tax Exemption for Immigrants Clarified Under Public Act 4
Michigan 2026 tax rules now allow full exemption of most pension and retirement income. Claim this via Form…
Resident Aliens with Work Visas Can Claim Earned Income Tax Credit Under One Big Beautiful Bill Act
The April 15, 2027 deadline is vital for visa holders. Determine residency status to claim 2026 tax deductions…
L-1 Visa Holders Filing Form 1040NR Face U.S. Tax Rules as Nonresident Aliens
A guide for L-1 visa holders on 2026 tax residency, filing Form 1040 or 1040-NR, and reporting foreign…
Senators Warn IRS Staff Cuts Could Add $60 Billion to Federal Deficit
Senators warn that cutting 40% of IRS staff will increase the federal deficit by $60B and reduce revenue…
Singapore Sets Corporate Income Tax Rebate at 40% for Year of Assessment 2026
Singapore sets YA 2026 corporate tax rebate at 40% with a S$1,500 cash grant and S$30,000 cap, representing…