Albanese Under Fire Over Unverified $200k Gain in Housing Tax Break Debate
Investigation into claims that Anthony Albanese pocketed $200k before scrapping housing tax breaks reveals a lack of verifiable…
IRS Tests AI to Rank Returns for Audits with Human Review Required
The IRS utilizes 'high-impact' AI to rank tax returns for audits, though human review remains required for final…
Income Tax Appellate Tribunal, Bangalore Bench Rules Sale Deed Registered Later Doesn’t Shift Capital Gains Tax Year
Bangalore ITAT rules property capital gains apply to the year of actual transfer, not the later registration date,…
Buy Property in India Above ₹50 Lakh? NRI and OCI Buyers Face 1% TDS Deduction
Essential guide for 2026 property buyers in India on TDS rules for ₹50L+ deals, including special compliance for…
Students, Visa Holders, and ITIN Filers: Check Details Carefully If IRS Sends Verification Letter
Learn how to handle IRS identity verification letters and avoid scams while ensuring your 2026 tax refund is…
U.S. Tax Residents with Indian Property Sales Must Review Form 8949, Schedule D, FBAR
U.S. residents selling property in India must report gains on Form 1040 using U.S. tax rules, currency conversion,…
Section 58 of Income-Tax Act, 2025 Rewrites Presumptive Taxation Rules in Tabular Form
India's Income-tax Act 2025 consolidates presumptive tax rules into Section 58, simplifying reporting for small businesses and professionals…
Nris Can Carry Forward Stock Losses Under Income-Tax Act, 2025. But Check Conditions
India's 2025 Income-tax Act preserves existing capital losses for NRIs and investors starting April 2026, maintaining original 8-year…
Tax Return Accepted, but Refund Stalled? Check Status and Direct Deposit Problems
Learn why your 2026 IRS refund date is missing after your tax return was accepted and how to…
U.S. Residents Receiving Over $100,000 from Parents in India Must Review Form 3520
U.S. residents receiving over $100,000 in gifts from parents in India must file IRS Form 3520 to report…
IRS Refund Adjustments: Why Your Payment Was Cut
Find out why the IRS may lower your refund, from math errors to Treasury offsets, and what notice…
Green Card Holders Abroad Face U.S. Tax Filing After April 15, Even with Foreign Tax Credits
Green card holders abroad must file U.S. taxes on worldwide income by June 15. Learn about FBAR, Form…
IRS Weighs Capital Gains Tax Changes, Threatening 0% Bracket for Retirees
IRS holds 2025 capital gains rates at 0%, 15%, and 20%. New 2026 planning focus centers on income…
Parliament Battles Over Capital Gains Tax, Targeting 50% CGT Discount and Inflation Relief
Australia replaces the 50% CGT discount with inflation-based rules and a 30% minimum tax from July 2027, with…