Taxes
Tax filing requirements for immigrants, visa holders, expats, and NRIs. Covers 2026 brackets, treaty benefits, FBAR and FATCA compliance, ITIN applications, and state tax obligations for non-residents.
HRA Exemption Rules Change: Form 124 Must Disclose Rent Paid to Parents
New India tax rules from April 2026 require Form 124 for HRA claims, mandating relationship disclosure for rent paid to parents exceeding Rs. 1 lakh annually.
Kwong V. United States Cites Internal Revenue Code Section 7508A for COVID-19 Refunds
The Kwong v. US ruling may allow refunds for IRS penalties paid during the 2020-2023 pandemic window. Act…
March 31 TDS Deadline Triggers Section 194-IB Rent Compliance for Expats
Tenants paying ₹50,000+ monthly rent must deduct TDS by March 31, 2026. File Form 26QC by April 30…
No State Income Tax on Retirement Income Matters for Immigrants and Visa Holders
Compare state taxes on Social Security, IRAs, and pensions for 2026. Learn which states offer the best exemptions…
U.S. Labor Dept. Proposes Safe Harbor for Alternative Assets in 401(k)s After Executive Order
The DOL opened comments on a 2026 rule to allow alternative assets in 401(k)s. A 60-day window ends…
May 9 Deadline Looms Over Land Transaction Permits and Capital Gains Tax Surcharge Moratorium
South Korean homeowners must sign sales contracts by May 9, 2026, to avoid massive tax surcharges. Practical deadlines…
U.S. Businesses Turn to Schedule M-1, Schedule M-3 to Reconcile Taxable Income
Learn the 2026 IRS requirements for reconciling book and taxable income using Schedules M-1 and M-3, including filing…
Finance Bill 2026 Fixes 12% Surcharge on Buyback Capital Gains
India implements a flat 12% surcharge on share buyback gains effective April 2026, benefiting high-income earners but raising…
Ferguson Readies Washington Millionaires Tax, Senate Bill 6346 for Signoff
Washington moves toward a 9.9% tax on income over $1M. Gov. Ferguson is set to sign the bill,…
Welsh Labour Has Not Set Out Income Tax Plans Ahead of Manifesto
Welsh Labour has not yet confirmed an income tax freeze pledge or released its 2026 manifesto, creating uncertainty…