Taxes
Tax filing requirements for immigrants, visa holders, expats, and NRIs. Covers 2026 brackets, treaty benefits, FBAR and FATCA compliance, ITIN applications, and state tax obligations for non-residents.
Treasury, IRS Issue Final Regulations Allowing Above-The-Line Deduction for Qualified Tips
IRS issues final rules for the $25,000 tip deduction in 2026. Only voluntary gratuities qualify; payroll taxes still apply and income limits exist.
Income Tax Department Rolls Out TDS TRACES 2.0, Enhances Form 26AS for Taxpayers
India launches TRACES 2.0, a unified TDS portal streamlining Form 26AS access and certificate downloads for taxpayers and…
Saskatchewan Promises More Tax Relief in 2026-27 Budget, Expands Low-Income Tax Credit
Saskatchewan’s 2026-27 budget boosts personal tax credits by $500, saves families thousands, and doubles volunteer credits while projecting…
Tax Relief Eases for Nris Sending Foreign Salary to Indian Bank Accounts
Foreign salary remitted to Indian banks is taxable for residents/RNORs; tax status depends on stay duration and income…
Congress Proposes Extending Health Coverage Tax Credit for 20,000 Delphi Retirees
Bipartisan bill introduced to restore the Health Coverage Tax Credit for Delphi retirees, covering up to 80% of…
Washington’s 9.9% Income Tax Faces Lawsuit Over Uniformity Rule in Culliton V. Chase
A lawsuit led by Rob McKenna challenges Washington's 2026 income tax, arguing the 9.9% rate violates constitutional property…
Australia Tightens Foreign Resident Capital Gains Withholding to 15% on $750,000
Australia tightens property tax rules in 2026: 15% withholding rate now applies to all foreign resident real estate…
Indonesia Targets Late Article 21 Tax Returns with PMK-111 and SP2DK Notices
Indonesia’s PMK-111 of 2025 introduces risk-based supervision for Article 21/26 tax returns, standardizing SP2DK timelines and impacting 2026…
IRS Warns Corporations: Capital Losses Can’t Offset Income, Nols Still Capped at 80%
Corporate tax rules in 2026 strictly separate capital losses from NOLs, imposing different carryover limits and an 80%…
Accrual-Method Corporations Must Delay Related-Party Deductions Under Section 267(a)(2)
Section 267(a)(2) prevents accrual-method corporations from deducting expenses owed to related cash-method parties until actual payment is made…