Taxes
Latest in Taxes
Tax-Saving Strategies for NRIs in Australia and Canada Investing in India
NRIs in Australia and Canada are taxed based on residency, whereas U.S. NRIs face global taxation based on citizenship. The…
Tax-Efficient Investing for NRIs in the U.S.: Practical Tips
Navigating U.S.-India cross-border investments requires prioritizing U.S. tax residency rules. Investors should avoid Indian mutual funds to bypass PFIC complexities,…
Dual-Status Tax Return Guide 2026: Filing Rules and Steps
Dual-status taxpayers must file a two-part paper return because e-filing is unavailable. The filing combines Forms 1040 and 1040-NR to…
Tax Filing Guide for L-1 Visa Holders in 2026: Residency and Forms
L-1 visa holders must use the Substantial Presence Test to define their 2026 tax residency. This status dictates whether they…
Where Indian-Origin U.S. Residents Invest Abroad in 2025: Tax and Trends
U.S. tax residents of Indian origin must report all global income, including rental earnings and capital gains from abroad. Failure…
IRS Announces 2026 Standard Mileage Rates: Business at 72.5¢
The IRS updated 2026 mileage rates, increasing the business rate to 72.5 cents per mile. Medical and moving rates dropped…
Hawaii 2026 State Income Tax Rates and Brackets: What Changes?
Hawaii’s 2026 income tax rules remain steady with a 1.4% to 11% rate range. This consistency helps new residents and…
Treasury and IRS Propose Higher TPSO Backup Withholding Thresholds
The IRS proposed new rules for payment platforms regarding backup withholding. Starting for tax years after 2024, withholding will only…