Taxes
Latest in Taxes
Global Shopping for Thanksgiving: Tariffs, Duties, and Hidden Costs
Tariffs embedded in import costs are raising prices on Black Friday items. The U.S. $800 de minimis rule limits duties…
What Immigrants Should Know About Black Friday Taxes in 2025
The Nov. 28–Dec. 1 holiday shopping period brings immigrants face-to-face with U.S. sales tax—commonly 6%–10%. Refunds are rare; online sales…
How Holiday Gifts and Cross-Border Transfers Shape U.S. Tax Filing
In 2025, foreign gifts often trigger reporting: givers file Form 709 for gifts above $18,000; recipients file Form 3520 for…
ICE Sought Records on 1.3 Million Taxpayers, Filing Shows
ICE sought IRS records for about 1.28 million people; the IRS matched about 47,000. Plaintiffs argue the exchange violates privacy…
IRS 2026 Housing Credit Updates Amplify LIHTC Allocations Nationwide
A permanent 12% LIHTC increase starts Jan. 1, 2026, with a $3.05 per-capita multiplier and a permanent 25% bond test…
Navigating F-1 to H-1B: Tax Residency and Payroll Traps
October 1 H-1B start dates change tax residency and payroll: FICA exemption ends, Social Security and Medicare withholding must start,…
Cross-Border Dividend Taxation: India vs. United States for Investors
Cross-border dividend income can be taxed in both India and the U.S., but the U.S.–India treaty caps source withholding at…
Gifting to India: FEMA Rules, LRS, and Tax Implications for NRIs
NRIs sending gifts to India must follow FEMA and tax rules: gifts over ₹50,000 from non‑relatives are taxable; LRS permits…