The Income Tax Department has begun emailing taxpayers flagged for undisclosed foreign assets or income based on global ...

The Income Tax Department is alerting taxpayers about foreign assets and income. Income earned from abroad requires reporting ...

If you’re a United States citizen working in another country, chances are you’ll still have to file a federal income tax return. You may even have to pay taxes on your earnings. Needless to say, ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Janet Berry-Johnson is a CPA with 10 years of experience in public accounting and writes ...

The CBDT has launched the second NUDGE campaign, contacting taxpayers who have not disclosed foreign income or assets, and setting a deadline of December 31 for revising Income Tax Returns to avoid ...

The Tribunal held that foreign investments disclosed in Schedule FA and backed by sufficient income cannot be treated as unexplained. Mechanical application of section 69 was ...

Report crypto income under Schedule VDA and holdings on foreign exchanges or wallets under Schedule FA, where ...

Explains the tax treatment and mandatory ITR disclosures for foreign ESOPs, highlighting the need to report shares annually and avoid ...

Forbes contributors publish independent expert analyses and insights. Matthew Roberts is a tax attorney who covers tax litigation and fraud. Generally, the IRS has three years to select an income tax ...

Forbes contributors publish independent expert analyses and insights. Admitted NY Bar and US Tax Court, covers US international tax law. While an American may feel a mix of joy and sorrow when ...