Taxes
Latest in Taxes
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,…
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…
Falsifying Tax Returns Risks Losing U.S. Citizenship Under Trump
Tax fraud can now cause loss of U.S. citizenship starting July 25, 2025. IRS-ICE data sharing enables immigration enforcement. Naturalized…
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…
How to Qualify for Oman’s 10-Year Investor Residency Program
Oman's Investor Residency Program offers up to 10-year visas for investments of OMR 250,000+. Applications are online, processing takes 5–15…
Remittances to Central America Rise 20% Amid U.S. Deportation Fears
In 2025, remittances to Central America surged due to deportation fears and a possible U.S. tax. This increase supports families…
Immigration Uncertainty Undermines Nebraska’s Families and Economy
ICE’s biggest Omaha raid since 2018 and shifting policies create uncertainty for 140,000 Nebraska immigrants, including 2,300 TPS holders. Deportations…