Month: December 2015
FATCA prompting US NRIs to sell property in India
Many US-based non-resident Indians are considering selling their property in India – even at a discount – amid confusion and fear that a new [...]
IRS Announces Start Date for Tax Season
The Internal Revenue Service will begin accepting individual tax returns.
January 19 is one day earlier than the start of tax season in 2015, and the [...]
As Tax Filing Season Nears, IRS Warns Tax Professionals On New Phishing Scams
With tax season opening soon, scammers aren’t just taking advantage of taxpayers, they’re preying on tax professionals, too.
Earlier today, the Internal [...]
Internal Revenue Service Reminds Taxpayers to Plan Ahead If You Need a Tax Transcript
The IRS reminds taxpayers that the quickest way to get a copy of their tax transcript is to order it online using the Get Transcript application on IRS.gov. By [...]
New Congressional Spending Bill Affects Individuals and Businesses
Section 179 deduction
The legislation permanently extends this first-year depreciation deduction at the $500,000 level for tax years beginning in 2015 and [...]
Interest Rates Remain the Same for the First Quarter of 2016
WASHINGTON — The Internal Revenue Service today announced that interest rates will remain the same for the calendar quarter beginning Jan. 1, 2016, as they [...]
FATCA prompting US NRIs to sell property in India
Many USbased nonresident Indians are considering selling their property in India even at a discount [...]
2016 Standard Mileage Rates for Business, Medical and Moving Announced
The Internal Revenue Service today issued the 2016 optional standard mileage rates used to calculate the deductible costs of operating an automobile for [...]
5 Tax Shelters: Measuring the Payoff
Somebody’s got a scheme to legally delay taxes on your investment or, better still, to eliminate them. How good is that? It pays to know.
You might be on [...]
Should I Lease or Buy an Automobile?
1. Introduction
Most of us understand the process of buying and financing a car. Leasing, on the other hand, is still very foreign to us. Dealers are [...]