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

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.

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

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

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

Trump was notified by DOJ that his name appears in Epstein files, new report reveals: Live updates - Trump administration ...

The State Department says it's investigating whether Harvard University will remain part of a government program that allows ...

A new tax break aimed at seniors may lighten the load on retirees’ Social Security income, but it’s not as sweeping or ...

Half a year into John Mahama’s dramatic return to Ghana’s presidency, bold reforms are underway, but so too are controversies ...

Once the hallmark of secrecy and security for the ultra-wealthy, traditional offshore tax havens are losing their grip under ...

SARS tax season opened with technical problems, but major updates to filing rules and form changes are now in effect.

A confidential investigation by the Income Tax Department has revealed a disturbing trend of radical Islamic expansion along the Indo-Nepal border. The report, sent to the Union Home Ministry earlier ...