Taxes
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Union Budget 2026–27 Lowers LRS TCS to Boost NRI Liquidity
India's 2026 Budget focuses on reducing financial friction for NRIs by lowering remittance taxes to 2%, simplifying property transaction paperwork,…
Budget 2026 Cuts TCS to 2% Easing Education Remittances Under Liberalised Remittance Scheme
The Indian government reduced the TCS rate for overseas education and medical remittances from 5% to 2% for transfers above…
International Students Face Tax Risks After Filing Form 1040 Instead of Form 1040-NR Nonresident Return
Nonresident visa holders often misfile tax returns as residents, risking IRS penalties and immigration issues. This guide outlines how to…
Global Access Expands for U.S. Treasury Bonds T-Bonds Credit Risk Explained
A comprehensive overview for immigrants and visa holders on reporting U.S. Treasury Bond interest for tax year 2026. It details…
AXIS Capital Holdings Ltd Sees Tax Hit from Bermuda Corporate Income Tax
Bermuda’s new corporate income tax framework introduces a mandatory installment computation deadline on February 2, 2026. Designed to comply with…
Virginia Democrats Propose Millionaire’s Tax with HB 188 and HB 979
New legislative proposals in blue states like Virginia and Washington aim to increase taxes on individuals earning over $600,000 and…
Massachusetts Moves to Cap Sports Bets and Raise Tax Under Senate Bill 302 Bettor Health Act
The proposed 'Bettor Health Act' in Massachusetts seeks a 51% tax on online sports betting and a ban on in-play…
Federal Government Shutdown Will Not Delay Tax Refunds Amid One Big Beautiful Bill Act (obbb)
Taxpayers must file 2026 returns by April 15, 2027. While potential shutdowns pose service risks, e-filed refunds generally continue. The…