Taxes
Latest in Taxes
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…
Essential Dos and Don’ts for Maintaining Your F-1 Student Visa Status
F-1 students must attend SEVP-approved schools, obtain and maintain valid I-20 Forms, pay SEVIS fees, and stay enrolled full-time. Work…
Comparative Analysis of Rental Income Taxation: U.S. IRS vs India Income Tax Act
US and Indian rental income tax systems differ significantly. India uses a 30% flat deduction; the U.S. allows detailed expense…
Understanding Rental Income and Expense Reporting on Tax Returns
U.S. taxpayers must report rental income using Schedule E or C depending on services and personal use. Deductible expenses, loss…
Trump Immigration Crackdown Expands Role of IRS and HHS Agencies
Project 2025 launches a sharp immigration crackdown, expanding courts and detention, ending birthright citizenship for certain cases, suspending asylum rights,…
Comprehensive Guide to U.S. Immigration Statuses and Visa Classifications
USCIS updates effective July 23, 2025, reduce naturalization and Green Card processing times and require travel reporting. OPT rules for…
How to Determine Maximum Taxable Limits on Social Security Benefits
For 2025, U.S. Social Security benefits taxation remains based on provisional income and set thresholds. Seniors aged 65+ may claim…
How to Calculate Taxable Social Security Benefits Using Provisional Income
For 2025, Social Security benefits taxation rules remain unchanged, with thresholds fixed since 1993. Taxable amounts depend on provisional income,…