Old vs New Tax Regime: Form 10-IEA Needed for Business Income, Section 44AD Lock-In Limits Switches
Business owners face restricted tax regime switching, while salaried individuals can choose annually. Form 10-IEA is required for…
Income Tax Act 2025: 5 Tax-Free Claims Nris Must Verify
India's new 2026 tax laws require specific documentation and thresholds for agricultural, gift, insurance, and equity exemptions. 2025…
Green-Led Council to Vote on Banning Cooperation with Home Office on Immigration Raids
Lewisham Council votes late July 2026 on stopping Home Office cooperation for immigration raids to protect undocumented workers…
Italy’s Investor Visa Requires EUR 250K in Innovative Startups, Excluding Real Estate
Italy's investor visa requires at least €250,000 in startups, excluding real estate. New 2026 rules also raise the…
House Report Reveals Details on DHS Utilizing FEMA Resources for Immigration Policy
House report alleges FEMA lost 30% of staff and $600M to immigration enforcement, raising concerns for the 2026…
Ulster County for Fair Taxes Act Advances Through Ways and Means Committee
Ulster County advances an 18.75% tax surcharge for high earners. The measure targets income over $250,000 but awaits…
Mexican Man Fatally Shot by ICE Was Not the Target of Houston Immigration Operation
ICE fatally shot a man in Houston after a case of mistaken identity on July 7, 2026. Lawmakers…
File Your Canada Emigrant Tax Return: CRA Rules for Departing Tax Residents Mid-Year
Learn how to file a Canada Emigrant Tax Return, handle departure tax on assets, and manage CRA forms…
401(k) Loan Risks for H-1B Employees: Avoid Taxable Loan Offset
Avoid 401(k) loan traps in 2026. Learn IRS limits, repayment rules, and how job changes for H-1B or…
Temporary Non-Residence Traps: Capital Gains Tax Applies Under Statutory Residence Test
HMRC's 2026 rules mean returning to the UK within five years can trigger Capital Gains Tax on assets…
Why Leaving Canada Temporarily May Not End Tax Residency: CRA Factual Resident Rules
The CRA explains that Canadians living abroad with residential ties remain 'factual residents' liable for taxes on worldwide…
New UK Foreign Income and Gains Regime Offers Four-Year Tax Relief for New Arrivals
The UK's FIG regime offers new residents four years of tax relief on foreign income and gains, replacing…
U.S. Expats Miss Housing Exclusion on Form 2555 After Claiming FEIE
U.S. expats can exclude more than $132,900 in 2026 by claiming the foreign housing exclusion on Form 2555,…
U.S. LLC and Partnership Distributions: Cash or Debt Relief Exceeding Outside Basis Can Trigger Tax
LLC members must track outside basis as cash distributions, debt relief, and marketable securities exceeding this basis trigger…