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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 [...]

2019-03-26T15:17:18+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 Tax benefits for 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 [...]

2019-03-26T16:18:57+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, Filing Taxes is an aspect that ought to get additional attention, since it comes with tax implications. You can [...]

2019-03-27T14:23:03+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. tax rates usually are not much of a concern as long as you are aware of the [...]

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.The deadline of filing your taxes for 2018. The entire income tax filing and return process can be a bit overwhelming for some. However, [...]

2019-03-27T11:29:17+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 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 are [...]

2019-03-27T12:20:40+00:00March 12, 2019|Tax Planning, Tax Preparation|0 Comments

5 Tax Benefits that you should claim when you are HOMEOWNER?

5 Tax Benefits that you should claim when you are HOMEOWNER? Paying taxes is usually a cumbersome process for taxpayers. The simple reason being, the numerous clauses and conditions that one has to keep in mind. However, we have tax benefits these variations at times come to your rescue as well. If you are a [...]

2019-03-27T12:37:20+00:00March 12, 2019|Tax Planning, Tax Preparation|0 Comments

5 Reasons why you should Outsource your Book Keeping and Payroll

5 Reasons why you should OUTSOURCE your Book Keeping and Payroll For any successful business, it doesn’t take a lot of time to understand and realize that accurate financial records is of paramount importance. And book Keeping isn’t all that easy or straight forward. It requires a good amount of proper skills and a lot [...]

2019-03-27T12:49:55+00:00March 11, 2019|Tax Preparation|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 [...]

2019-03-27T12:56:44+00:00March 10, 2019|Blog, Deduction & Credits|0 Comments