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 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

Things to take care of, when you visit India for your annual vacation this summer

  NRI'S Things to take care of, when you visit India for your annual vacation this summer Non-Resident Indians living away from motherland usually plan their trip or vacation to India during winter as they could celebrate some of the popular festivals with family. Many NRIs also plan their vacation in summer as spring is [...]

Understanding Tax Bracket for Tax Filing in 2019 for NR in the US

Understanding Tax Bracket for Tax Filing in 2019 for NR in the US The tax filing season for 2018 is just around the corner. However, the IRS has just released the updated tax brackets adjusted with inflation for 2019. If you are in the middle of tax filing for 2018, it is better to finish the same [...]

2019-03-26T13:28:46+00:00March 30, 2019|Tax Planning, Tax Preparation|0 Comments