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Puerto Rican tax breaks are luring wealthy newcomers. A millennial says that's bad news for members of her generation with dreams of careers and homeownership.
Puerto Rico is becoming a popular destination for mainland Americans seeking tax breaks, but an inf…
Cork Gaines
INTERVIEW: EY to hire 25,000 professionals in the tax department
EY, a multinational professional services advisory firm has said it will hire 25,000 tax profession…
Are you an NRI having income in India? Here’s how you will be taxed
You are a non resident Indian (NRI) if you live abroad. More specifically, you are classified as "n…
Have foreign assets or income? Not disclosing it may lead to heavy penalties
Recently, the IT Appellate Tribunal of Mumbai imposed a penalty of ₹10 lakh per year on taxpayers w…
Taxability of employee benefits may decide which tax regime makes more sense for you
When deciding between the old and the new tax regimes, most of us will consider the most common ded…
Two tax regimes & rise of freelancers drive people to tax experts, chartered accountants
The option of the new and old tax regimes and complex taxation laws require the assistance of exper…
Looking to file taxes on your own? Here is what you need to keep in mind
It is that time of the year again – when we have to file our taxes. While we can take the services …
Decoding ITR forms: Which one should you use to file your taxes?
Tax filing season is here. On the income tax website there are various income tax forms available t…
ITR filing: Your guide to Form 26AS and why you should check for TDS discrepancies
To check if your employer has deducted TDS, follow these steps. First, register on the Income Tax D…
A semi-retired couple moved to Puerto Rico for an adventure and some tax benefits, but a healthcare crisis may soon change their plans
There are financial incentives for people looking to retire in Puerto Rico, but there are also some…
Cork Gaines
Are you moonlighting? Here is what to know when filing your taxes
Moonlighting is the act of engaging in a secondary job or additional work alongside one's primary e…
Have income from foreign source? Keep this in mind while filing taxes
The Income-tax Act, 1961 does not provide a specific definition for the term 'foreign income.' Gene…
An accountant for NBA stars describes the 'very complex' process of preparing taxes for pro athletes from 'jock tax' to hot tub write-offs
Big salaries, investments, plus the "jock tax," make filing tax returns for professional athletes m…
Scott Davis
New TCS regulations may pinch your wallet while travelling abroad. Here’s how you can minimise the impact
A threshold relaxation of ₹7 lakh per financial year from TCS has been given only for overseas spen…
Your comprehensive document checklist for income tax return filing
The income tax return filing, or ITR filing, season will be here soon and with that has begun the s…
ELSS Mutual Fund: A way to claim tax deduction while enjoying market-linked returns
ELSS funds have a lock-in period of three years, meaning that investors are not allowed to withdraw…
How 27-year-old Nick Simpson built the freelancing tax tool he wished he had and then raised $7.5 million in venture funding
Former freelancer Nick Simpson was inspired by his experience dealing with taxes that led to launch…
Madeline Renbarger
How to file income tax return online for salaried employees 2022-2023
If you are new to filing income tax returns online, you must know that it is a very easy process. V…
Prosecutors are reportedly close to deciding whether to indict Hunter Biden in connection to his taxes and a gun purchase
Charges against the president's son would be the biggest test yet of Joe Biden's vow to restore ind…
Sonam Sheth
10 ways wealthy Americans save big on taxes, from putting mansions in trusts to guaranteeing inheritance for future generations
What might seem to be far-fetched tax mitigation tactics are perfectly legal, lawyers and bankers t…