India Exempts Foreign Institutional Investors, BIS from Tax on Government Securities
India exempts FIIs from tax on government securities via a 2026 ordinance to attract foreign capital, stabilize the…
Ohio House Approves Bill 503 to Safeguard Voter Control Over Tax Reciprocity Credits
Ohio House Bill 503 mandates voter approval for municipal income tax reciprocity credit changes, retroactive to August 2025,…
Late-Year H-1B Worker Faces Payroll Withholding, but Substantial Presence Test Guides Form 1040 Filing
H-1B workers must use the Substantial Presence Test, not W-2 withholding, to determine if they file Form 1040…
Nris, H-1B Workers, Green Card Holders Face Year-Round U.S. Tax Rules. Stay Organized
A 2026 month-by-month tax checklist for NRIs and H-1B workers to manage global income, residency status, and documentation…
Immigration Sponsors Need IRS Tax Transcripts to Prove Income on Form I-864 Affidavit
Learn why IRS tax transcripts are vital for immigration, the different types available, and how to request them…
F-1 to H-1B Change Creates Dual-Status Tax Year. Now File a Dual-Status Tax Return
Learn how to navigate F-1 to H-1B tax transitions and avoid common dual-status filing errors during the 2026…
Green Card Holder Gets IRS Notice. Should They File Form 1040-X or Wait?
Learn when to file Form 1040-X to correct tax errors, manage IRS notices, and handle foreign income reporting…
IRS Sends Identity Verification Letters to ITIN Filers as a Shield Against Identity Theft
IRS identity verification letters are not audits; they confirm a taxpayer's identity to prevent fraud and release refunds…
IRS Rolls Out Look-Back Interest Calculator for Form 8697 Filers Using Percentage-Of-Completion
IRS releases a new Excel calculator for Form 8697 to help businesses compute look-back interest on long-term contracts…
Tax Return Accepted? Check IRS Refund Tracker Before Worrying About Refund Status
An accepted tax return is not the same as an approved refund. The IRS may still need more…
10% TDS Can Hit Rent for Company-Leased Residential Flats, Not Just 2%
Companies renting residential flats in India must deduct 10% TDS under Section 194-I, as the lower 2% rate…
Nris Receive Gifted Indian Shares. Now Capital Gains Tax Looks Back at Original Cost
Learn the tax rules for gifting shares in India in 2026, covering relative exemptions, capital gains on sale,…
US Nris Buying Land in India Must Choose NRE or NRO Funds for FEMA Compliance
Choosing NRE vs NRO accounts for India property impacts FEMA compliance and repatriation in 2026, though capital gains…
Income Tax Department Sends Capital Gains Tax Notices to Nris After Property Sales
Learn why NRIs receive Capital Gains Tax Notices and how to respond effectively using the latest 2026 tax…