IRS clamps down on tax fraud – Ends Faxing and Third-party Mailings of Tax Transcripts

IRS-Ends-Tax-Transcript-Fax-Mailing Did it ever occur to you that your tax transcripts could be imitated and used to file fraudulent returns in your name? Instances of imposters impersonating taxpayers and authorized third parties have become an issue which has sensitized most of us to be constantly on the alert. The IRS has been working on introducing new rules that will curb the menace [...]

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How to secure your financial and tax records in case of disasters?

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Have you ever thought about the odds of a disaster dismantling all your financial and tax records including your insurance and fiduciary bonds? Imagine all your bills, tax [...]

Involved in sharing economy? Learn all about the tax implications

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  Sharing economy has become a veritable source for individuals to generate useful additional income nowadays. Many students, working professionals, and [...]

Why are companies like Microsoft joining the Carbon Tax bandwagon

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  Are you a business owner? And while you scan the newspaper every morning to find out what’s trending in the business world, did an article screaming, “Global [...]

What US Expats need to know about the Foreign Tax Credit

Foreign-Tax-Credit
Are you a U.S. Expat? And about to pay tax on the income earned by you in a foreign country? Or, are you a U.S. resident who has a source of bountiful income in a foreign [...]

Selling Your Real Estate? Your Gains Might Not be Taxable

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Are you planning to sell your humble abode but are confused and short of time to understand the tax regulations? What if we told you that you might not have to pay any tax [...]

Doing multiple jobs? You might just need a Pay Checkup

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People often take up multiple jobs over the summer to clear off a particular debt or other pending bills. While it’s great to earn income from multiple sources, you [...]

US Expats: Things to keep in mind while filing your Taxes

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Filing taxes on time and being in the good books of the IRS is a big thing. With, so many rules and regulations to keep in mind, it is only human that we might miss out on [...]

Doing a summer job? Keep these tax tips in mind

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  With the summer vacations kicking in, we bet most of you are ready to start your summer jobs. Pursuing a summer job speaks volumes about your enthusiasm to support [...]

Investing in Indian PFIC? Ensure You Report Them

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The IRS mandates that the citizens and residents of the United States need to pay taxes on all their global income. Thus, if you are a US permanent resident or a citizen and [...]

Where is my Tax Refund?

Tax-Refund
It’s almost been a month and are you still waiting for your tax refund? You have every right to fret, especially if you have earmarked your returns to pay off a debt or [...]