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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

What is the difference between a Standard Deduction and an Itemized Deduction

What is the difference between a Standard Deduction and an Itemized Deduction?  While filing your federal taxes, there are several aspects that you need to be cognizant about. Of those many, two terms that will crop up the most are a standard deduction and itemized deduction. Quite a few taxpayers get confused when it comes [...]

2019-03-27T13:05:21+00:00March 7, 2019|Tax Planning, Tax Preparation|0 Comments

Understanding the New 2019 Federal Income Tax Brackets And Rates

Understanding the New 2019 Federal Income Tax Brackets And Rates The tax filing season for 2018 is just around the corner. However, the IRS has gone one step ahead and published the modifications for the year 2019. The modifications include changes to the Federal Income Tax brackets and enhancement of limits for certain tax credits. [...]

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