Understanding the FBAR and FATCA Requirements Many individuals, particularly non-resident aliens, may not be fully aware of their US tax filing obligations, even if they don’t have any US-sourced income. This is especially true for those who have foreign financial assets and may not meet the income threshold for filing a US tax return. The… Read More

Dear Friends, Now that the whirlwind of another tax season has settled, I wanted to take a moment to express my sincere appreciation for your continued trust in our tax services. It’s been a pleasure working with you once again, and I’m grateful for the opportunity to assist you with your tax related requirements.Your confidence… Read More

With the Corona Virus hitting the USA hard, it is a trying time for us; and as seems, we are in for a long haul ahead. With Corona in the air, things got really messy, with people losing jobs in an environment of fear and uncertainty. Times are tough, and it was heartening to see… Read More

How will the Trump Tax Law Changes Impact You? The Trump administration is working overtime for getting the tax law cleared, and it has exasperated the average tax payer as to what is happening, and how it is going to affect him or her. Whatever happens, an average taxpayer must know that the impact of… Read More

IRS collects 93% of US Governments revenue, and it is working overtime to improve the tax preparation, filing and collection process.  This is a win-win situation who those who want to file accurate returns and pay taxes in time.  On the flip side this makes it more costly and difficult for others who want to… Read More

Form 8938 The US Internal Revenue Service (IRS) has added one more form to collect information from its citizens and residents on their foreign financial assets. With effect from 2012, the IRS has introduced ‘Form 8938 – Statement of Specified Foreign Financial Assets’ to be filed along with the income tax return. That is, all those filing… Read More

Amended Returns: Eight Facts If you discover an error on your federal income tax return after you e-filed or mailed it, you may want or need to amend your return. Perhaps you are eligible for a deduction or credit and you missed it the first time? Here are eight key points the IRS wants you… Read More

As per Article 19 clause (2(a) of Indo-US treaty 1991, pension earned Indians in India is not taxable in USA. See the attached page from the treaty. The clause is highlighted. Indo_US Treaty Page Extract… Read More