How is the Rental Income from Foreign Country taxes in US

How is the Rental Income from Foreign Country taxes in the US? The possibility is quite high that you might decide to invest in a home or other property type while staying in the USA. The tax implications of such earnings vary from country to country. For instance, certain countries have a minimum threshold in [...]

2019-03-12T19:31:04+00:00March 20, 2019|Tax Planning, Tax Preparation|0 Comments

The top 10 Tax Tips for 2019 for NRI investors

The top 10 Tax Tips for 2019 for NRI investors While it is no secret that resident Indians have to pay taxes for a fiscal year. However, it all NRIs or Non-Resident Indians must also pay taxes for a fiscal year if applicable. Irrespective of whether they earned the money directly or indirectly, if they [...]

2019-03-13T12:49:01+00:00March 20, 2019|Tax Extension, Tax Planning|0 Comments

5 Tax Benefits you should claim if you OWN A VEHICLE

5 Tax Benefits you should claim if you OWN A VEHICLE Vehicles and driving are imperative for Americans to get to their workplaces. You own a vehicle, then you must be aware of the tax deductions and write-offs you can do at the time of filing for tax returns. When you own a car If [...]

2019-03-13T11:14:53+00:00March 18, 2019|Tax Planning, Tax Preparation|0 Comments

How is the Interest Income from NRE and NRO accounts taxed in US?

How is the Interest Income from NRE and NRO accounts taxed in the US? For NRIs who have shifted to the United States of America, there are usually two options when it comes to keeping their bank accounts active. They can either convert them into NRE or NRO accounts. Needless to say, your money in [...]

Haven’t filed taxes in the last 10 years? Start today

Haven't filed taxes in the last 10 years? Start today There can be a myriad of reasons why one hasn’t filed taxes. One could have forgotten to file their taxes, there was a death in the family which caused the delay, or you were seriously ill. Irrespective of what the reasons were, it is never [...]

2019-03-12T18:44:01+00:00March 14, 2019|Tax Planning, Tax Preparation|0 Comments

5 Tax Benefits you should claim if you use ENERGY SAVING EQUIPMENT

5 Tax Benefits you should claim if you use ENERGY SAVING EQUIPMENT U.S. is the second largest single consumer of energy in the world and about half of the total energy consumed in the U.S is used by the residential sectors which include apartments, independent houses, dormitories etc. Under the Energy Star program since 1996, [...]

2019-03-12T17:57:28+00:00March 14, 2019|Tax Planning, Tax Preparation|0 Comments

5 Things that a COUPLE be mindful of when FILING TAXES

5 Things that a COUPLE be mindful of when FILING TAXES? The decision to marry someone usually revolves around love and compatibility. Finance is an aspect that we don’t know usually bring into the equation. However, it is an aspect that ought to get additional attention, since it comes with tax implications. You can be [...]

2019-03-12T14:20:54+00:00March 13, 2019|Tax Planning, Tax Preparation|0 Comments

How will the new tax rates 2019 affect you?

How will the new tax rates 2019 affect you? Changes to the tax regulations are a common occurrence. The landscape of income changes on a regular basis and it makes sense to adjust the income tax laws accordingly. It usually is not much of a concern as long as you are aware of the changes. [...]

Help the NRI in the US for global income tax filing

Help the NRI in the US for global income tax filing The deadline for filing your taxes is approaching fast. For the current assessment year, the deadline is the 15th of April. This deadline is for filing your taxes for 2018. The entire tax filing and return process can be a bit overwhelming for some. [...]

2019-03-12T19:00:47+00:00March 12, 2019|Tax Planning, Tax Preparation|0 Comments

5 Things you should know when transferring money from India to USA and USA to India

5 Things you should know when transferring money from India to US and US to India The chances of you crossing the border and relocating to a different place for work or other reasons is much higher than what it was some time back. Be it a vacation, studies, work or travel from work, reasons [...]

2019-03-12T15:23:08+00:00March 12, 2019|Tax Planning, Tax Preparation|0 Comments