Individual Income Tax

Demystifying Life Insurance – one myth at a time

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Life Insurance policies are often surrounded by a canopy of myths and confusion. This is mostly due to a lack of awareness which leads to a lot of hesitant [...]

Tax Credit and Tax Deduction – what’s the difference?

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How many times have you heard the terms “tax credit” and “tax deduction” being used while wondering if they mean the same thing? Well, let us clear [...]

Super bowl fans, here are some football tax tips for you!

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It’s that time of the year again - the season for bragging rights, the season to watch your old heroes test their mettle while new ones are born. Yes, we [...]

IRS recalls half of the employees this tax season

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With the US Government going through a shutdown, a lot of government workers have been furloughed. This includes the IRS too, which lost its funding for the [...]

The most important day of January 2019!

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With the Government shut down for an unprecedented duration, it is no surprise that everyone is feeling anxious about filing their tax returns and claiming [...]

New Tax Implications for the New Year!

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With January almost gone, the new year vibes seem to be dying down. However, the new tax provisions might still be a little unclear to a lot of people. [...]

Stringent Norms and Strict Monitoring on Transactions by Income Tax Department

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  In its attempts to discourage the use of physical money, and monitor illegal transactions to curb corruption, the Income Tax Department has [...]

A Reminder of Estimated Tax Deadline for the Self-Employed

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Tax Deadlines for Self-Employed Approaching Hurry up if you are self-employed! Your quarterly taxes for the final quarter of 2018 are due on January 15th. [...]

How Are C Corps Taxed? Here’s Everything You Need To Know!

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When it comes to taxation C corps, the first thing that you need to know is that they are subject to double taxation - while the profits earned by C corps are [...]

The IRS bewares the offshore account holders!

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Hear, Hear, Offshore Account Holders! The IRS Is Coming For You! If you hold an offshore account, you must be aware of the strict watch that the IRS keeps [...]