Foreign trust reporting obligations can apply to a domestic trust established even within the US and the recent regulations make compliance more difficult.

Resident Indians must report foreign mutual fund holdings and other overseas assets in ITR under Schedule FA. Know how to ...

Schedule FA (Foreign Assets) in the ITR form is primarily meant for reporting foreign assets, and Schedule FSI (Foreign Source Income) is meant for reporting income from foreign sources.

As an American living abroad, you may have experienced firsthand the challenges of finding a financial institution willing to ...

Understanding India’s income tax landscape can help charities ensure compliance, optimise tax benefits, and enhance their ...

In recent months, the IRS has revised a public announcement and issued a practice unit on IRS Form 3520-A reporting and penalties.

Explore the concept of tax havens, their features, and profound societal impacts, including revenue loss and inequality.

President Donald Trump signed into law P.L. 119-21, the “One Big Beautiful Bill Act” (OBBBA), enacting significant changes to the US ...

Vietnam is actively recalibrating its core investment prospects. Dr. Sven David, general director and CEO at VIET ...

OVERVIEW OF THE REMITTANCE TRANSFER EXCISE TAX - Do you effect transfers of funds for US residents to recipients abroad? If so, ...

Key Takeaways Nifty ended at 24,865.60, up 44.50 points, with Sensex gaining 172.31 points to trade at Rs. 81,510.26 amid ...