Technology Updates – May 2017

USCIS Completes Data Entry of H-1B Cap Petitions for Fiscal Year 2018 By: Gladys V. Gervacio, Esq. On May 3, 2017, USCIS announced that it has completed data entry of all fiscal year 2018 H-1B cap petitions selected in the lottery. USCIS has started returning all H-1B cap petitions that were not selected. Due to […]
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Technology Updates – April 2017

FY 2018 H-1B CAP Cases Update By: Lihua Tan On April 7, 2017, U.S. Citizenship and Immigration Services (USCIS) announced that it has received enough H-1B petitions to reach the statutory cap of 65,000 visas for fiscal year (FY) 2017. USCIS has also received more than the limit of 20,000 H-1B petitions filed under the advanced […]
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Travel and Meals Expenses

By: Sharvari Gandhi Did you know that the IRS allows you to deduct 50% of the cost of meals and 100% of the expenses for lodging and transportation incurred while traveling on as long as business is the primary reason for your travel? To be deductible, expenses must be “ordinary and necessary”. Deduction is denied […]
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2013 Unclaimed Tax Refunds

The IRS announced that an estimated one million taxpayers who did not file an income tax return in 2013 could claim their share of $1 billion in unclaimed refunds for the 2013 tax year. The law gives most taxpayers a three-year time period to claim a tax refund. After that time, the money belongs to […]
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GST Bill: Uniform Taxation Across India

The much awaited and highly anticipated Constitution Amendment Bill for Goods and Services Tax (GST) has finally been approved by the President of India post its way in the Parliament (RajyaSabha on the 3rd August 2016 and LokSabha on 8th August 2016) and confirmation by more than 50 percent of state legislatures. In additional, the […]
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IRS interest rates remain the same for second quarter 2017

Interest rates charged by the IRS on underpaid taxes and applied by the IRS on tax over payments will remain the same for the second quarter of 2017 (April 1 through June 30). Therefore, the rates will be as follows for individuals and corporations: For individuals: 4% charged on underpayments; 4% paid on over payments. […]
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Springtime remodeling – know the tax impacts

Spring fever often influences homeowners to update and remodel. Maybe you’re considering a new project, too. You may need to replace your deck or remodel your kitchen. If you have a remodeling project coming up, you should understand the tax consequences. If your project qualifies as an improvement to your home, you’ll enjoy some tax […]
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Apply for an extension if you can’t file by April 18

Tax time can be stressful, but don’t panic if you can’t file your tax return on time. There’s still time to get an automatic six-month deadline extension. There are four ways to obtain an extension: File a paper copy of Form 4868 with the IRS and enclose your payment of estimated tax due. File for […]
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Current tax law requires health insurance

During his first week in office, President Trump signed an executive order asking federal agencies to reduce the economic burden the Patient Protection and Affordable Care Act (ACA) puts on American citizens. Unfortunately, this executive order is causing confusion. Many people are left wondering if fines will no longer be imposed or rules no longer […]
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More credits require questions

Common errors have helped to make the Earned Income Tax Credit (EIC) a major source of what the IRS calls “improper payments.” The agency estimates that of the $66 billion in EIC funds paid in 2015, nearly a quarter were collected by filers who didn’t qualify to receive them. To help combat this problem, the […]
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