L-1 IRS Notice for Foreign Income: CPA Review Needed Receiving an official IRS notice regarding unreported foreign income is a alarming experience for an L-1 visa holder. International data-sharing...
IRS Source Rules for Foreign Interest Income Determining whether interest earned on offshore deposits is legally classified as U.S.-source or foreign-source income is the foundation of cross-border tax compliance....
Self-Employed on O1 with NRO Fixed Deposits in India: Compliance Considerations Operating as a self-employed professional in the U.S. on an O1 visa gives you incredible career independence. However,...
Moving to the US on L1 with Existing NRO Fixed Deposits: Your First-Year Disclosure Checklist Relocating from India to the U.S. on an L1 visa involves managing an immediate...
F1 Students on CPT/OPT: Common Myths About Reporting EPF (Employees’ Provident Fund) to the IRS Many Indian international students working in the U.S. on CPT or OPT believe their...
Gross Interest vs Net Interest Reporting Global investors and cross-border taxpayers often mix up gross interest income and net deductible interest, creating significant reporting exposure with the IRS. Reporting...
How the IRS Applies Investment Interest Limitations US investors and cross-border taxpayers often pay significant interest on margin loans and investment debt without realizing the IRS restricts how much...
Investment Interest vs Personal Interest The tax code treats investment interest and personal interest completely differently: investment interest is potentially deductible, while personal interest is entirely non-deductible. For cross-border...
Tracing Rules Under Treas. Reg. §1.163-8T Under Treasury Regulation §1.163-8T, the tax deductibility of loan interest is governed entirely by the “tracing rules”. These rules allocate debt based strictly...
IRS Investment Interest Deduction Rules Explained The IRS allows non-corporate taxpayers to deduct interest paid on debt used to purchase or carry investment property. However, applying these rules across...