Things expats and immigrants should know before filing the 2021 income tax in the USA
The Covid 19 pandemic has made the already complicated tax scenario even harder to navigate through. People have to go through piles of documents to realize what laws are applicable to them and what is not. In times like these
How to get Coronavirus tax relief in the US?
Covid 19 has caused a lot of damage to lives and the economy throughout the world. In this site time, even the governments of several countries are reaching out in several ways to provide support to their citizens to get
CRA and COVID-19: Changes to taxes and benefits
COVID-19 has affected millions of people around the world, slowing down all the institutions and complicating all kinds of bureaucratic proceedings. One such important change in the institutions is the filing of tax returns and the changes made into it due
USTR action on countries: What expats and immigrants should expect
The United States of America recently witnessed the swearing-in ceremony of its 46th President, Joe Biden who immediately upon taking charge of his office is adamant to undo most of the legislations ordered or passed during Trump’s regime. The same
Speculation: Biden may increase taxes to boost healthcare
With the advent of the COVID-19 led global pandemic, health has become a primary concern for all the countries around the world. The global superpower and the world’s most industrialized nation such as the United States of America has been
Eliminating country-specific immigration cap: Key takeaways
The United States of America has been the world’s most powerful and leading economy for many decades over the last century. It has become a dream for the citizens of many other nations, especially the developing countries to work and
Change in political regime: How to cope up with changes in taxation policies?
The United States of America recently witnessed one of the most critical elections to elect its next President for another term of four years amidst the ravages of the Coronavirus pandemic. With a fairly good turnover of people who has
What is ‘privilege tax’ in Deutsche Bank’s research note?
The entire global economy has been shattered beyond hopes because of the pandemic caused by COVID-19 With the news of the development of Coronavirus vaccines across the world by some of the leading medical companies in the USA, India, and
Foreign Account Tax Compliance Act
There are Many Americans in Canada who do not file their income tax returns with the IRS despite clear rules requiring it. If you are in such a position, you are not alone, but you cannot ignore this problem. In March
Investment Income
Rental income, interest and dividends are called investment incomes and are taxed differently than the active income. When a corporation receives rental income or interest income from long-term investments, this income is called specified investment business income. This kind of income