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.
Lawmakers Propose Slowing Income Tax Cuts to Fund Teacher Raises in Budget Deal
NC lawmakers propose slowing income tax cuts to fund teacher raises, aiming for a 2.99% rate by 2033 while maintaining corporate tax phase-out plans.
Hawaii Lawmakers Approve Income Tax Relief, Solar Tax Credits Hit $40 Million Cap
Hawaii locks in 2026 income tax relief for families, adds a 13% rate for top earners, and caps…
Homeland Security Reviews Federal Medical Cannabis Reclassification to Schedule III
The DOJ moved medical cannabis to Schedule III in 2026, granting tax relief to operators while maintaining strict…
H-1B Workers Risk Filing Wrong U.S. Tax Return as Form 1040-NR Meets Substantial Presence Test
H-1B workers should not assume visa status determines tax filing. The substantial presence test, foreign income, and transition…
Failure-To-File Penalty Hits Harder Than Failure-To-Pay After April 15 Tax Deadline
The IRS failure-to-file penalty is 10x higher than late-payment fees. File by the 2026 deadline to save money,…
Landlords Pay Nearly A$7 Billion More in Taxes Than Homeowners, Fueling Rental Tax Debate
A new report shows Australian landlords pay A$7B more in tax than homeowners, complicating 2026 Budget plans to…
Australia Imposes 30% Minimum Tax on Discretionary Trusts from 1 July 2028
Australia to introduce a 30% minimum tax on discretionary trusts from 2028, targeting income splitting and raising an…
PM Modi Urges Indians to Halt Gold Buying for a Year to Protect Foreign Exchange
NRIs and Indian families are reassessing gold, bonds, and stocks in 2026 to prioritize liquidity and tax compliance…
Income-Tax Act Uses Deeming Fiction to Tax Loans as Deemed Dividends Under Section 2(22)(e)
Explore how Indian Income-tax law uses deeming fiction to reclassify loans, gains, and assets into taxable income, overriding…
Tax-Free Bonds Exempt Interest, but Zero-Coupon Bonds Still Add Income from Other Sources
A guide to Indian bond taxation in 2026, covering slab rates, tax-free exemptions, zero-coupon structures, and specific considerations…