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Understanding Property Basis and Cost Basis for Tax Purposes
Understanding basis and cost basis is vital for U.S. property taxpayers including owners, immigrants, and investors. It details calculation methods,…
Comprehensive Guide to Reporting Other Gains, Income, and Taxable Events
Immigrants and U.S. residents must report all income types, including unemployment benefits and business property sales, using IRS forms 4797,…
University Intakes Worldwide: Key Differences from the U.S. System
The U.S. Fall intake is the main entry point for international students, offering the widest program and scholarship availability. Applicants…
QS World University Rankings 2025: Top 10 Global Universities and Programs
International applicants should start university research 6–12 months before deadlines, prepare for GRE, GMAT, IELTS/TOEFL early, submit thorough applications, then…
Tax Treatment of Alimony Payments Before and After 2018 Changes
As of 2019, alimony payers cannot deduct payments on federal taxes, and recipients do not report alimony as income. Old…
How to Report Additional Income and SALT Refunds on Schedule 1
For 2024, IRS revises Schedule 1 guidelines for reporting additional income and SALT refunds with a $10,000 cap. Taxpayers must…
Trump’s Immigration Policies Threaten U.S. Climate Tech Innovation
Since 2017, US immigration restrictions have intensified, causing longer visa waits and increased deportations. Climate tech companies lose skilled workers…
Understanding Business Income, Losses, and Trade or Business Rules
IRS clarifies business income and loss rules for immigrants and entrepreneurs, highlighting four deduction limits and pass-through entity reporting. Excess…