Taxes
Tax Central: Your essential source for the latest in tax laws, filing tips, and deductions. Ideal for navigating complex tax requirements with ease.
NRI Builds India Home for Parents: No U.S. Tax or Filing
An NRI-owned home in India used rent-free by parents generally creates no U.S. tax or property reporting. The main obligation is foreign account reporting: file FBAR if combined foreign account…
US OPT Students Face Tax Changes, FICA Exemption on the Line
Two pending bills—the OPT Fair Tax Act and Dignity Act of 2025—would end FICA exemption for OPT, making…
Israel Expands Tax Breaks for New Immigrants to Boost Economy
Starting late 2025, Israel will offer new immigrants broad tax relief including a ten-year foreign income exemption, proposed…
U.S. Tax Implications of Selling Indian Real Estate
Selling property in India triggers Indian capital gains rules (24-month threshold with indexation) and U.S. taxation in USD…
Tax Guide for H-1B Returnees: U.S. and India Tax Implications
Returning H-1B professionals must manage U.S. and Indian tax rules: watch 182-day residency in India, potential U.S. dual-status…
U.S.–India Tax Residency Cheat Sheet: Rules, Dual Residency and Tie-Breakers
India’s 2025 rules narrow deemed residency and exempt some NRIs from the 60‑day test while the U.S. Substantial…
PFIC Rules for Indian Mutual Funds in the U.S.: Form 8621 Essentials
Most India‑domiciled mutual funds and pooled products are PFICs for U.S. taxpayers, causing punitive tax treatment and annual…
NRE and NRO Interest for U.S. Taxpayers: IRS Rules & FTC
Report Indian NRE and NRO interest on your U.S. tax return because the IRS taxes worldwide income. Claim…
Green Card Holders with Indian Rentals: Key U.S. and India Tax Traps to Avoid
U.S. Green Card holders must report Indian rental income on Form 1040 and claim Foreign Tax Credit on…
Understanding U.S. Expatriation Tax for Green Card Surrender in India
Renouncing U.S. residence can trigger the Expatriation Tax if you meet Covered Expatriate tests: $2 million net worth,…