5 Tax Benefits that you can claim when you take care of YOUR PARENTS & RELATIVES

5 Tax Benefits that you can claim when you take care of YOUR PARENTS & RELATIVES?  A considerable amount of your money can get into medical related expenses when it comes to taking care of parents or relatives. Here are the five Tax Benefits According to Caring.com, a company that specialized in Bankrate, about 40% [...]

2019-03-27T13:24:59+00:00February 28, 2019|Tax Planning, Tax Preparation|0 Comments

10 Things you should know about College tax Savings Plan for?

10 Things you should know about College tax Savings Plan for? Tax Savings Plan Let’s face it. College and education, in general, are getting expensive. This means that saving for your children’s future can be a daunting task. It is only natural that one looks for as much help as possible. Should you look at [...]

2019-03-27T14:03:48+00:00February 26, 2019|Education, Tax Planning|0 Comments

Tips for NRI’s to become compliant with FATCA and the IRS

Tips for NRI’s to become compliant with FATCA and the IRS The first step towards becoming compliant to any norm is to be aware of what it is. FATCA or Foreign Account Tax Compliance Act came into existence some years ago to counter tax evasion by taxpayers. As per the tax code, any individual who [...]

2019-03-26T14:08:26+00:00February 24, 2019|Tax Planning, Tax Preparation, Uncategorized|0 Comments

3 things to do if you did not file your FBAR/FATCA

3 things to do if you did not file your FBAR/FATCA The major requirement under The FBAR/FATCA is to find out the financial assets of the U.S. citizens outside the country. All financial institutions outside the U.S. need to find out the records of customers with the U.S as their place of the birth & [...]

2019-03-26T14:32:20+00:00February 23, 2019|Tax Planning, Tax Preparation|0 Comments

Is NRO/ NRE/ FCNR Interest taxable in the US

Is NRO/ NRE/ FCNR Interest taxable in the US? With more and more people shifting to the US for a better future, the above question becomes even more pertinent. Are the interests earned from NRO/NRE/FCNR accounts taxable in the USA? The simple answer to the question is Yes. The interests that you earn from such [...]

2019-03-26T15:27:56+00:00February 19, 2019|Uncategorized|0 Comments

3 Tax Investments that I can make AFTER 12/31?

3 Tax Investments that I can make AFTER 12/31?  Let us consider that you have some idle cash lying in your bank account. Where would you invest them, so as to get tax benefits and make the most of the money? With so many options out there, it can be a bit overwhelming. Of course, [...]

2019-03-26T15:32:15+00:00February 18, 2019|Investment & Income, Tax Planning|0 Comments

4 Tax Benefits that you should not miss if YOU ARE PARENT

4 Tax Benefits that you should not miss if YOU ARE PARENT? Being a parent is not easy and not is it cost-effective.  Tax creditRight from the moment of birth, you must endure expenses such as diapers, baby food, toys and other essentials. It is possible that one might get a bit exhausted and hope [...]

2019-03-26T15:37:43+00:00February 11, 2019|Uncategorized|0 Comments

5 Tax Benefits you should avail when you are MOVING for JOB / BUSINESS Purposes

5 Tax Benefits you should avail when you are MOVING for JOB / BUSINESS Purposes? Changing jobs is a part and parcel of life. One can either look for better job opportunities or could be unfortunately part of corporate downsizing. In either case, there could be quite a few tax implications and impacts on your [...]

2019-03-26T16:04:48+00:00February 8, 2019|Deduction & Credits, New Business|0 Comments

Phase out limits for Adoption credit

Phase out limits for Adoption credit Qualified expenses generally include adoption credit fees, court costs, attorney fees, and travel expenses that are reasonable, necessary and directly related to the child’s adoption, and they may be for both domestic and foreign adoptions; however, expenses related to adopting a spouse’s child are not eligible for this credit. [...]

2019-03-26T16:15:36+00:00February 5, 2019|Tax Planning, Tax Preparation|0 Comments