Taxes
Tax filing requirements for immigrants, visa holders, expats, and NRIs. Covers 2026 brackets, treaty benefits, FBAR and FATCA compliance, ITIN applications, and state tax obligations for non-residents.
MCA Updates Accounting Standard 22 to Align with OECD Pillar Two Qdmtt Rules
MCA amends AS-22 to align with OECD Pillar Two, exempting companies from deferred tax recognition while mandating specific disclosures on global minimum tax.
Stay in New Jersey and Keep $500,000 Home Equity. but Tax Relief Drops to $6,500
Governor Sherrill proposes cutting Stay NJ tax relief by lowering the income cap to $250k and benefits to…
Colorado Lawmakers Weigh House Bill 25-1021 to Subtract Phantom Income from Federal Tax
Colorado's HB 25-1021 proposes a tax subtraction for 'phantom income' at qualified employee-owned businesses, effective from 2027 through…
Cestat Quashes Service Tax Demand on IBM India, Rules Warranty Reimbursements Not Taxable
CESTAT Bangalore quashes IBM India service tax demand, ruling warranty reimbursements from overseas are cost recoveries, not taxable…
CBDT Expands Common Reporting Standard to Crypto Assets to Boost Tax Compliance
India expands its tax reporting framework to include crypto, CBDCs, and digital assets from 2026, aiming for global…
Starbucks Founder Howard Schultz Moves to Miami as Washington Pushes Millionaire’s Tax
Former Starbucks CEO Howard Schultz moves to Miami as Washington passes a millionaire’s tax, sparking a heated debate…
Speaker Jon Burns Defends Homestead Property Tax Overhaul in HB 1116
The Georgia House passed HB 1116, capping annual property tax increases at 3% and sales tax growth at…
H&R Block Faces Class Action for Overcharging Military Members on Refund Advance Loans
H&R Block is sued for allegedly overcharging military members on tax refund advances and using illegal arbitration clauses…
National Tax Service Deploys AI to Hunt Crypto Tax Evasion Using Virtual Asset Analysis
South Korea's National Tax Service is launching an AI-powered system in 2025 to track crypto transactions and detect…
Centre Delays Fuel Export Ban, Cites Logistical Hurdles and Tax Challenges
India avoids banning fuel exports despite regional conflict, citing logistical hurdles, contracts, and tax complexities that prevent a…