Introduction Businesses claiming the R&D Tax Credit under IRC §41 can choose between two main calculation approaches — the Regular Method and the Alternative Simplified Credit (ASC) Method. Understanding...
Calculate the R&D Tax Credit The R&D Tax Credit under IRC §41(a) helps U.S. businesses save taxes for qualifying research and innovation. The Regular Method is the original formula...
Thinking of hiring your cousin in India to help with your U.S. business? Or outsourcing to a relative overseas? You’re not alone-many Indian-American entrepreneurs want to involve trusted family...
Form 5471 & GILTI Rules for U.S. Shareholders If you’re a U.S. person (citizen or green card holder) holding shares in an Indian private limited company (Pvt Ltd), you...
Thinking of forming a U.S. LLC with Indian partners? Or already own one? Don’t fall for the trap most CPAs and online platforms miss-foreign ownership in a U.S. LLC...
Running businesses on both sides of the globe is exhilarating-but your next mistake could cost you tens of thousands in taxes, audits, or double taxation. Many CPAs treat U.S....
Why This Blog Matters Every year, thousands of Indian-Americans receive foreign gifts from parents or relatives in India. It might be a $100K wire transfer, property inheritance, or simply...
Many Indian-origin taxpayers living in the U.S. invest in Indian mutual funds like HDFC, ICICI, or SBI schemes without realizing these may be classified as Passive Foreign Investment Companies...
Many Indian-origin U.S. taxpayers receive IRS notices related to unreported Indian bank accounts, PPFs, FDs, or mutual funds, often because their previous CPA either didn’t ask or failed to...
Why Indian NRIs End Up Overpaying Taxes Many Indian NRIs in the U.S. unknowingly make serious mistakes on their U.S. tax returns often because their tax preparer isn’t well-versed...