US Citizens

All You Need to Know About W-2 Forms

  As per IRS, every employer engaged in a trade or business who pays remuneration, including non-cash payments of $600 or more for the year for an [...]

Details of tax reform legislation revealed

The House Ways and Means Committee released draft tax reform legislation on Thursday. The Tax Cuts and Jobs Act, H.R. 1, incorporates many of the provisions [...]

IRS Announces 2018 Estate And Gift Tax Limits: $11.2 Million Per Couple

It’s official. For 2018, the estate and gift tax exemption is $5.6 million per individual, up from $5.49 million in 2017. That means an individual can leave [...]

How to Get Power of Attorney at the Consulate. Why It Is Necessary?

What is a Power of Attorney? It is likely that people who have an immovable property in India feel the need to give the power of attorney to someone in India [...]

Trending Now: Giving Up U.S. Citizenship

When CNN reports U.S. Citizens Ditching Passports in Record Numbers, it must be true. Like CNN’s election night coverage, the stats don’t lie. With over [...]

Group Urges Government to Ease Reporting Burdens for Americans Abroad

The government should take major steps to ease the burdens of the many financial account reporting requirements imposed on U.S. taxpayers living overseas, [...]