Income-Tax Act, 2025 Redefines Charitable Trusts as Registered Non-Profit Organisations
India's 2026 tax framework consolidates non-profit rules into the RNPO category, requiring new registrations under Section 332 and…
Social Security Benefits for Foreign-Born Residents
Key Takeaways Foreign-born workers need 40 credits for Social Security retirement, with one credit costing $1,890 in 2026…
Maximizing 199A Benefits Through Strategic Property Investments
Key Takeaways Section 199A lets real estate investors deduct 20% of qualified rental income, now permanent after the…
Income-Tax Act Tightens Loss Carry-Forwards Under Section 79 and New Section 119
India's 2025 Income-tax Act mandates 51% voting power continuity for loss carry-forwards, with key reliefs for startups, family…
U.S. Taxes for Retirees with Foreign Income: FEIE, Pensions and Totalization
Key Takeaways The FEIE for 2026 is $132,900 per person, but it applies only to earned income from…
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…