DOJ Fraud Division and IRS Criminal Investigation Expose $490M in Tax Fraud During National Tax Enforcement Surge
Federal authorities said a nationwide tax-fraud campaign involved 76 defendants and more than $490 million in estimated intended losses. Cases ranged from...
Top questions about Taxes
Answers from VisaVerge guidesWhat are the implications of not updating tax residency for Indian citizens moving to Canada or the U.S. in 2025?
People who keep old statuses can be treated as full residents in two places at the same time, leading to dual taxation until they correct their records.
Read: Indian Tax Residency 2025: 182/60-Day Rules and Update ImplicationsWhat is the main U.S. federal filing deadline for India-to-U.S. movers in 2026 tax year?
April 15, 2027 is the main U.S. federal filing deadline for many India-to-U.S. movers reporting both Indian and U.S. income for tax year 2026.
Read: RNOR vs ROR in India: Navigating DTAA in Mid-Year MigrationHow does IRS Publication 551 affect U.S. taxpayers in 2026?
IRS Publication 551, revised for 2026, provides the main guide on basis rules affecting a wide range of filers including NRIs and H-1B professionals, guiding them through complex calculations.
Read: IRS Revises Publication 551 for 2026, U.S. Property Basis Rules Affect DepreciationHow does tax residency status affect H-1B visa holders for the 2025 tax year?
H-1B visa holders may be resident aliens, nonresident aliens, or dual-status filers based on their days of presence in the United States during 2025 and prior years, which impacts how they file taxes and what income is taxable.
Read: H-1B Visa Holders Face Substantial Presence Test in 2026. When Are They Resident Aliens?Does India's Budget 2026 affect how NRIs report their income to the IRS?
No, U.S. residents must still report worldwide income and foreign assets regardless of India-side disclosures.
Read: NRIs in U.S. Must Report Global Income Despite India's Budget 2026 Simplification
IRS Proposes Blocking Immigrants from Claiming Health Insurance Tax Credit
A proposed Treasury and IRS rule would narrow Premium Tax Credit eligibility starting with tax years beginning in…
Treasury Department Delays IRS Data on Overtime Wages and Tipped Income Under One Big Beautiful Bill Act
The I-R-S has delayed two planned releases of data on the twenty twenty-five tax law, saying it is…
India–mauritius Tax Treaty Protocol Notified: Principal Purpose Test Effective from 10 August 2026
A protocol to the India–Mauritius Tax Treaty introduced a Principal Purpose Test effective August 10, 2026. Authorities may…
IRS Delays EITC and ACTC Refunds Under PATH Act Until Late February 2024
The IRS must hold the full refund until at least February fifteenth if a return claims the Earned…
Illinois EITC and Child Tax Credit Saved Families $600M, Gov. JB Pritzker Reports
Gov. JB Pritzker and the Illinois Department of Revenue said October 13, 2026, that the Illinois EITC and…
ALEC Policy Champions Reduce Utah Income Taxes for Sixth Straight Year Under House Bill 106
Utah’s individual income-tax rate is 4.45 percent following two successive legislative cuts. Senate Bill 60 made the latest…
Sitharaman Says Government Will Hear Long-Term Capital Gains Tax Proposals Ahead of Union Budget
Sitharaman said the government would consider investor views on long-term capital gains tax during Union Budget consultations, but…
Feds Offer Education Freedom Tax Credit as Governor Wes Moore Weighs Maryland Scholarship-Granting Organization Rules
Maryland is reviewing whether to join the federal Education Freedom Tax Credit before the December 31, 2026, opt-in…
CBIC, Notification No. 82/2026-Customs (N.T.), Annexure a Sets India–new Zealand FTA Rules of Origin
India’s new origin rules for its free trade agreement with New Zealand take effect October 20, 2026. Exporters…