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If you’ve received an email stating, “Our records indicate that you may have overseas financial interests," do not worry; the department has been sending this exact message to a large number of taxpayers whose data suggests they may hold foreign bank accounts, shares, RSUs or ESOPs, property, or other overseas assets that were not reported in their Income Tax Return.
If you’ve received an email stating, “Our records indicate that you may have overseas financial interests," do not worry; the department has been sending this exact message to a large number of taxpayers whose data suggests they may hold foreign bank accounts, shares, RSUs or ESOPs, property, or other overseas assets that were not reported in their Income Tax Return.
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On October 8, 2026, the US Department of Labor suspended eight employers from the PERM labor certification programme: Microsoft, Adobe, Cognizant, Infosys, Tata Consultancy Services (TCS), Wipro, HCL and Capgemini. Officials cited alleged fraud and active federal investigations.
Two ETFs can track the same S&P 500 and own the same Apple, Microsoft and Nvidia shares. Yet one can leave you with a different tax bill, a different cost drag and, in the worst case, a very different outcome for your family.
If you’ve received an email stating, “Our records indicate that you may have overseas financial interests," do not worry; the department has been sending this exact message to a large number of taxpayers whose data suggests they may hold foreign bank accounts, shares, RSUs or ESOPs, property, or other overseas assets that were not reported in their Income Tax Return.
If you’ve received an email stating, “Our records indicate that you may have overseas financial interests," do not worry; the department has been sending this exact message to a large number of taxpayers whose data suggests they may hold foreign bank accounts, shares, RSUs or ESOPs, property, or other overseas assets that were not reported in their Income Tax Return.
For most US NRIs, income tax planning gets all the attention. FBAR filings, FATCA disclosures, foreign tax credits — these are the compliance obligations that show up every April. But the taxes that tend to do the most damage
Here's an uncomfortable number to start with: in a 2025 survey by 1 Finance, 57% of bank relationship managers admitted to pushing products rather than giving advice suited to the client. That's not a fringe statistic — it's the person sitting across the desk at your neighbourhood bank branch, recommending a "great fund" that happens to carry a fat upfront commission.