Taxes
Latest in Taxes
US urges European Union to cut China ties in tariff talks
The US seeks to lower tariffs for the European Union if it lessens business with China. Talks focus on critical…
IRS extends tax deadlines for states hit by disasters
IRS extends federal tax deadlines for disaster zones through May 1, 2025, with longer periods for Tennessee, Kentucky, and Los…
NRIs See Tax Relief on Mutual Fund Capital Gains in India
NRIs encounter increased tax complexities surrounding mutual funds. Equity funds gained a 2020 tax exemption under the India-UAE treaty. July…
USCIS Staffing Cuts Threaten Extended Immigration Delays
In 2025, the U.S. battles immigration processing backlogs amid USCIS staffing challenges. Despite rumors, staffing has peaked. The DHS reversed…
Immigrants’ Role in $313 Billion Tax Revenue at Risk
Immigrants’ tax contributions fund essential U.S. services. Linking IRS data to ICE erodes trust, risking $313 billion in revenue. Simplified…
Hurricane Helene Prompts IRS to Extend North Carolina Tax Deadline
Following Hurricane Helene’s devastation, the IRS has extended tax deadlines for North Carolina residents and businesses to May 1, 2025.…
DHS and IRS Partner to Boost Immigration Enforcement Efforts
DHS teams up with IRS to tackle immigration through financial investigations. Strategies target trafficking, exploitative employers, and financial misconduct while…
Do You Need to File Taxes for Form 1042-S Scholarship Income
Nonresident aliens receiving taxable scholarship payments (reported on Form 1042-S) must file taxes with the IRS. Form 1040NR is used…