Non Resident

Taxation on Sale of Property by NRI’s (Non Resident Indians) is bit confusing subject. This confusion is caused due to lack of information and improper [...]

Tax Treatment and Planning Strategies for Nonresident Individuals

Alien individuals that have U.S.-source income can be taxed as residents of the United States if they meet certain requirements. Otherwise, they [...]

IRS Announces 2010 Standard Mileage Rates

WASHINGTON — The Internal Revenue Service today issued the 2010 optional standard mileage rates used to calculate the deductible costs of operating an [...]

Departing Aliens and the Sailing Permit

Most foreign citizens, regardless of their resident status, must obtain a certificate of compliance before permanently departing from the United States. This [...]

Simple Guide – Incomes which are tax-free under the Indian Income Tax Act, 1961

Jul 29, 2009 Income Tax 1. Agricultural income: Any income which you receive as income from any agricultural activity is deemed as not included in total [...]

Special Provisions Applicable to Non-resident Indians

With a view to attract investment by Non-resident Indians (NRIs) and Indian Nationals living abroad, certain reliefs, exemp­tions and incentives have been [...]

How to Avoid an IRS Audit?

Taxes are high enough; you don’t want to also pay penalties and interest because an audit reveals you’ve broken the rules. And Internal Revenue Service [...]

Should I plan my retirement tax strategy?? YES YOU SHOULD!

Our life changes with various life changing events and retirement is one such life changing event which not only changes our life…but also our income and [...]

Residential Status in the US, What does it mean from US Tax filing perspective?

It is very important to determine the residential status of the tax filer, as a resident and nonresident are taxed differently under the IRS code.  Who is a [...]