Ohio Entrepreneur Promises to Phase Out State Income Tax, Zero Tax Rate on Earnings
Vivek Ramaswamy proposes phasing out Ohio's income tax by 2026, starting with capital gains, despite a potential $10…
India Keeps Capital Gains Tax for Foreign Portfolio Investors Intact Under Finance Act 2024
India maintains existing FPI capital gains tax rates of 20% for short-term and 12.5% for long-term gains, ruling…
Income Tax Department Says Only TRACES-Downloaded Form 16, 16A Valid for Filing
India mandates TRACES-only Form 16/16A for 2026 tax filings. Authenticated certificates are now required for both domestic compliance…
IRS Increases Overtime by $27M as Refund Fraud Surges, Watchdog Reports
A May 2026 TIGTA report reveals a $27M spike in IRS overtime and critical delays in stopping refund…
IRS Struggles to Stop Refund Fraud as Information Returns Arrive Too Late
The IRS faces challenges stopping refund fraud as third-party wage data often arrives after payments are issued, prompting…
U.S. Taxpayers with Indian NRE Bank Interest Must Use Form 1040-X to Amend Returns
Learn how to correct missed Indian bank interest on U.S. tax returns, including NRE/NRO accounts, FBAR rules, and…
CP14 Notice Means Tax Due. Visa Holders and Students Should Check Withholding and Treaty Claims
The CP14 is the first billing notice the IRS sends for unpaid taxes. Verify your records and the…
Yale Budget Lab Warns Trump’s Immigration Crackdown Could Cost $479 Billion in Taxes
Trump's immigration crackdown could cost the U.S. $479 billion in lost tax revenue over 10 years as IRS…
Senate Bill 1080 Proposes Lower Taxes for All NC with Constitutional Income Tax Cap
NC Republicans propose lowering the constitutional income tax cap to 3.5%. If passed, voters will decide on the…
Seoul Apartment Listings Dry Up as Capital Gains Tax Surcharge Hits Multiple-Home Owners
Seoul apartment listings dropped 2.3% on May 10, 2026, as a 82.5% capital gains tax surcharge forced multi-home…
Australia Targets Crypto Capital Gains Tax Loopholes, Tightens 50% CGT Discount
Australia maintains crypto as a CGT asset in 2026 while tightening scrutiny on DeFi, staking, and record-keeping to…
Gavin Newsom Proposes 7.25% California Tax on Digital Prewritten Software
Governor Newsom proposes extending California's 7.25% sales tax to digital software and SaaS downloads starting 2027 to generate…
F-1 Students Who Missed Form 8843 Must Act. Taxable Income May Require Form 1040-NR
Correcting missed Form 8843 filings is vital for F-1 students to protect their 2026 immigration status and ensure…
Visa Holders and Nris Face IRS Refund Delays as Form 1040-NR, ITIN, Treaty Claims Stall
IRS warns Form 1040-NR refunds can take 6 months. Delays for visa holders and NRIs are tied to…