Top 7 tips for Self Employed NRIs in the US

The person sitting next to you on your flight could be running a small-scale successful business. Working parents now choose to work from home more often than not. The changes in the landscape of career options have been vast over the past few years. Thus, it is no secret that more and more people are [...]

Top 5 Tips to build your Retirement Corpus from your Tax Refunds

Should I start investing for my retirement? When is the right time to start my retirement planning? These are some of the questions that a lot of us ponder over. And in the process of just thinking and not acting, we miss out on some crucial investments.If you have received some tax refunds, instead of [...]

3 tax tips for second homeowners for NRIs in the US

Buying a second home is a big decision and requires a lot of efforts on your end. It could well be that you already have a home and are planning for a holiday home or a weekend getaway or just for investment.However, amidst all this, do not forget that it comes along with a lot [...]

How AOTAX helps you get the best Tax Refunds in 2019?

Hoping to pay minimal taxes is no crime. Afterall, why should you pay more taxes than you owe to Uncle Sam? If due to some reasons you have overpaid your taxes, tax refunds will help you get the amount back. There are several ways by which you can boost your tax refunds. And at AOTax, [...]

How to save taxes in 3 ways this summer?

We are surrounded with a few mundane tasks that we must carry out, irrespective of we like them or not. Tax planning is a prime example of the same.  though it is mundane and even borderline boring, it must be done. However, there is an upside to it. If you successfully plan your taxes, you [...]

End of the year Tax Compliance for NRI’s in the US

End of the year Tax Compliance for NRI’s in the US Tax compliance it is no secret, that a considerable number of Indians move out to other countries in the search of better opportunities. This obviously means that they are now liable to pay taxes in the new country that they have moved in to. [...]

NRI with Green Card in the US, what not to forget while filing your taxes this year

NRI with Green Card in the US, what not to forget while filing your taxes this year The income tax system that currently in motion in the United States of America, requires corporation, trusts, estates and individuals to pay taxes. If you are an NRI, you must also pay taxes to Uncle Sam. Irrespective of [...]

What is the difference between Form 8938 and FBAR form in terms of reporting of Foreign Financial Assets?

What is the difference between Form 8938 and FBAR form in terms of reporting of Foreign Financial Assets? FBAR, FATCA, these are some of the acronyms that might confuse a lot of taxpayers. Especially when it comes to foreign financial assets, which one should a taxpayer choose and why. Form 8938 The HIRE Act was [...]

What Is IRS Form 1099-INT: Interest Income?

What Is IRS Form 1099-INT: Interest Income? Tax filing season can be stressful, to say the least. With several documents, investments, proofs and bills to take care of, various Forms can make things a bit more overwhelming. Thus, the golden rule of starting early always pays off. When you start early, you have additional time [...]

What is US Tax Form 1040 – Foreign Tax Credit?

What is US Tax Form 1040 – Foreign Tax Credit? The taxation system in the US taxes its taxpayers on their global income.US Tax Form 1040 Since there are chances that taxpayers could have paid taxes for income in the respective countries, the Foreign Tax Credit system is more useful than one might think. By [...]

2019-06-18T11:00:51+00:00May 2, 2019|Blog, Tax Planning, Tax Preparation|0 Comments