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

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

Last Minute Tax Tips Before Deadline

Last Minute Tax Tips Before Deadline Procrastination of tax returns is not a unique phenomenon. In fact, a lot of tax payers file their tax returns in the last two weeks before the deadline. Filing tax returns earlier than the deadlines is better as you are not rushed and chances of making mistakes is also [...]

2018-07-17T23:35:23+00:00 April 6, 2018|Tax Preparation|0 Comments

Owe Taxes? These Tips Can Help

Owe Taxes? These Tips Can Help A few of us receive an intimation letter from the IRS stating that we owe them some money in the form of taxes. Sure enough, nobody likes to receive such emails. However, if you do here are some ways you can handle the situation without losing your sleep. Do [...]

2018-07-17T23:35:24+00:00 April 3, 2018|Tax Planning, Tax Preparation|0 Comments

Tax Tips for First Time Filers

Tax Tips for First Time Filers Filing taxes for the first time? Don’t let all the experts and jargons overwhelm you. At the end of the day, if you understand some very basic points clearly, you shall pass this test as well. If you are out of the college or just took your first job, it [...]

2018-07-17T23:35:24+00:00 March 27, 2018|Tax Preparation|0 Comments

Top 10 Self-Employed Tax Questions and Its Answers

Top 10 Self-Employed Tax Questions and Its Answers A lot of us fancy having our own business. The idea of being your own boss is quite a strong motivating factor. But there is no denying the fact that you have to take care of most of the factors in self-employment. Here are the top 10 [...]

2018-07-17T23:35:24+00:00 March 6, 2018|Tax Preparation|0 Comments

Why Tax Consultant is Important

Why Tax Consultant is Important Before we get started with answering the question, let us first understand what a tax consultant is. The simplest possible definition of a tax consultant is someone who can help you reduce your tax liabilities by following some of the best practices. Individuals who qualify as tax consultants are [...]

2017-10-27T13:02:43+00:00 October 27, 2017|Tax Planning, Tax Preparation|0 Comments

Taxable Income vs. Nontaxable Income: What You Should Know

Taxable Income vs Nontaxable Income: What You Should Know We all have that feeling that the government is always on the lookout for extracting more taxes from us. That feeling is not too far off if you take into consideration the definition of taxable income. Once all your deductions are taken away from the [...]

2017-10-13T15:33:47+00:00 October 13, 2017|Tax Planning, Tax Preparation|0 Comments