Taxes
Tax Central: Your essential source for the latest in tax laws, filing tips, and deductions. Ideal for navigating complex tax requirements with ease.
Tax Implications to Know When Moving Foreign Assets to the US
Transferring your own foreign assets to the US is not taxed, but reporting rules like FBAR, FATCA, and Form 3520 apply. Gifts, inheritances, and foreign income often require IRS forms.…
IRS requires banks to report international transfers over $10,000
For U.S. persons, banks report international transfers exceeding $10,000. Individuals must file FBAR (FinCEN 114) if foreign accounts…
Mark Carney denies urging young Canadians to use offshore tax havens
Satirical rumors about Mark Carney urging offshore accounts for young Canadians are unfounded. However, Brookfield’s legal tax strategies…
New Tax Bill 2025 ends Nil TDS Certificate for Non-Resident Indians
India’s New Tax Bill 2025 removes Nil TDS Certificates for all, including NRIs, from April 2026. NRIs must…
NRIs may still face tax scrutiny under new Income Tax Bill
The 2025 Income Tax Bill brings tighter residency and reporting rules for NRIs. With DTAA tightening, global income…
Arkansas extends 2025 tax return deadlines after federal disaster
In 2025, Arkansas, Kentucky, and Tennessee tax return deadlines are extended to November 3 due to federal disasters.…
UK and France discuss Channel migrant return agreement
UK and France are negotiating a one-for-one Channel Migrant swap: returned migrants are balanced by admitting legal asylum…
Trump-era IRS policy endangers immigrant tax revenue in Texas
The Trump-era IRS policy allows immigrant taxpayer information sharing with immigration enforcement, creating fear and reducing tax filings.…
Trump threatens Harvard’s tax-exempt status over compliance
Trump’s threat to Harvard’s tax-exempt status over ideological disputes could reshape U.S. university finances and academic freedom. IRS…
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…