How to account for your Indian investments while filing for US taxes?

How to account for your Indian investments while filing for US taxes? The sole intent of investments is to increase your net capital over a period of time. With the advent of newer methods, individuals now have more avenues to invest their money and their money works harder. However, amidst all this one must not [...]

2018-12-07T21:19:02+00:00 November 29, 2018|Investment & Income, Tax Planning|0 Comments

Tax implications for your Indian Properties

Tax implications for your Indian Properties The real estate market has always been one of the most lucrative ones for investment. This applies to residents of India as well as non-resident Indians. However, there is a small aspect that not many are aware of or pay a lot of importance to, taxation. If you are [...]

Can an NRI continue his PPF?

Can an NRI continue his PPF?  One of the most common forms of investments for Indians is PPF. It is secured, and you know the exact returns on its maturity. Its long-term perspective also works well with a lot of investors. PPF is majorly risk-free and is tax-free as well, which attracts a lot of [...]

All you need to know about PFIC reporting – Form 8621

All you need to know about PFIC reporting - Form 8621 For any US resident paying taxes and keeping a track of the same is as important a duty as any other. Being on the top of your taxes will not you to plan and sort things out well in advance. On the other hand, [...]

2018-11-29T14:37:38+00:00 November 29, 2018|Blog, Tax Planning, Tax Preparation|0 Comments

All you need to know about Capital Gains taxation and DTAA for your Indian and US investments

All you need to know about Capital Gains taxation and DTAA for your Indian and US investments To ensure that residents do not end up paying taxes at two different places, several countries get into a mutual agreement. The Double Taxation Avoidance Agreement is one such example. The United States of America and India have [...]

2018-11-29T14:06:43+00:00 November 29, 2018|Blog, Investment & Income, Tax Planning|0 Comments

Form 8938-All you need to know about Foreign assets reporting

Form 8938-All you need to know about Foreign assets reporting It was after March 2010, that taxpayers in the United States of America were required to report their financial assets in other countries apart from the USA. This addition was initiated by HIRE or Hiring Incentives to Restore Employment Act under the FATCA or Foreign [...]

2018-11-20T13:44:18+00:00 November 20, 2018|Blog, Tax Planning|0 Comments

Don’t Forget These 6 Steps While Filing Your US Taxes in FY 2018

Don't Forget These 6 Steps While Filing Your US Taxes in FY 2018 On paper,the filing of taxes just limited to one day. However, in most probability, it takes much more efforts. Sometimes, even an entire year’s planning, if you wish to be on the top of taxes. Whether you are filing taxes for the [...]

2018-11-19T19:17:29+00:00 November 19, 2018|Tax Planning, Tax Preparation|0 Comments

Tax tip to avoid late payment penalties

Tax tip to avoid late payment penalties Taxpayers should keep copies of tax returns and all supporting documents for at least three years. This will help when adjusting withholding, making estimated tax payments and filing next year’s return. File and pay taxes on time to avoid a potential late filing/ late payment penalty.

2018-11-20T11:59:24+00:00 November 13, 2018|Tax Planning|0 Comments

Pay bills with IRS direct pay and receive instant confirmation.

Pay bills with IRS direct pay and receive instant confirmation. Taxpayers can pay tax bills directly from a checking or savings account free with IRS Direct Pay. Taxpayers receive instant confirmation once they’ve made a payment. With Direct Pay, taxpayers can schedule payments up to 30 days in advance. They can change or cancel a [...]

2018-11-16T13:56:55+00:00 November 13, 2018|Tax Planning|0 Comments

Tax tip to get tax benefits on retirement plan

Tax tip to get tax benefits on retirement plan A retirement plan can provide several tax benefits for you, your business and your employees. Below are few of the benefits : - Employer contributions are tax deductible - Assets in the plan grow tax free - You are able to attract and retain better employees

2018-11-16T13:23:10+00:00 November 13, 2018|Tax Planning|0 Comments