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The IRS recently issued the optional IRS 2017 standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. According to the IRS Rev. Proc. 2010-51, a taxpayer may use the business standard mileage rate to substantiate a deduction equal to either the business standard mileage […]
Streamlined Disclosure Attorney Indianapolis is a common search by US taxpayers who are looking for legal help in Indianapolis with their streamlined voluntary disclosure of undeclared foreign assets and foreign income. Let’s analyze this search term – Streamlined Disclosure Attorney Indianapolis – to identify the type of attorney that fits this search best. Streamlined Disclosure […]
US taxes on Indian income is one of the most important topics relevant to the everyday life of Indian-Americans and Indians who reside and work in the United States. In this article, I will focus on the issue of US taxes on Indian Income earned by H1 (mostly H1B) visa holders. US Taxes on Indian […]
On December 12, 2016, the IRS announced today that the 2017 tax filing season (for the tax year 2016) will begin on January 23, 2017. The 2017 tax filing season e-filings will be accepted by the IRS starting that date. The IRS again expects that more than four out of five tax returns will be […]
On October 7, 2016, the IRS and the DOJ (US Department of Justice) announced yet another conviction related to an undisclosed Swiss Bank Account owned through a Hong Kong shell company. Facts of the Case: Hong Kong Shell Company Used to Hold Undisclosed Swiss Bank Account The facts of the case contain a fairly typical […]