Taxes

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Lasted Taxes

NRIs See Tax Relief on Mutual Fund Capital Gains in India

NRIs encounter increased tax complexities surrounding mutual funds. Equity funds gained a 2020 tax exemption under the India-UAE treaty. July…

USCIS Staffing Cuts Threaten Extended Immigration Delays

In 2025, the U.S. battles immigration processing backlogs amid USCIS staffing challenges. Despite rumors, staffing has peaked. The DHS reversed…

Immigrants’ Role in $313 Billion Tax Revenue at Risk

Immigrants’ tax contributions fund essential U.S. services. Linking IRS data to ICE erodes trust, risking $313 billion in revenue. Simplified…

Hurricane Helene Prompts IRS to Extend North Carolina Tax Deadline

Following Hurricane Helene’s devastation, the IRS has extended tax deadlines for North Carolina residents and businesses to May 1, 2025.…

DHS and IRS Partner to Boost Immigration Enforcement Efforts

DHS teams up with IRS to tackle immigration through financial investigations. Strategies target trafficking, exploitative employers, and financial misconduct while…

Do You Need to File Taxes for Form 1042-S Scholarship Income

Nonresident aliens receiving taxable scholarship payments (reported on Form 1042-S) must file taxes with the IRS. Form 1040NR is used…

Latin American Migrants Sending More Money Home Than Ever

Remittances play a crucial role in supporting Latin America and the Caribbean, with record-breaking amounts primarily sent by migrants, especially…

USCIS Raises Income Standards for Green Card Sponsors

In March 2025, USCIS raised the income requirements for green card sponsors. This change affects individuals sponsoring family members aiming…