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The $166 Billion Tariff Refund: What U.S. ImportersNeed to Know
Following a landmark 2026 Supreme Court decision overturning excessive IEEPA tariffs, billions of dollars are being refunded to U.S. importers. Find out if your shipments qualify, how the CBP's new CAPE portal works, and the critical deadlines to claim your funds. Following a landmark Supreme Court ruling in February 2026, a historic $166 billion refund opportunity has emerged for U.S. importers. The refunds finally started flowing in May 2026, but navigating the administrati
northstar cpa
7 days ago4 min read
The U.S. Exit Tax: What You Must Know BeforeLeaving America
Are you planning to surrender your Green Card or U.S. citizenship? The IRS Expatriation Tax could force you to pay significant taxes on unrealized global assets. Learn the thresholds for becoming a covered expatriate and essential pre-departure planning strategies. What is the Exit Tax? The U.S. exit tax (or expatriation tax) is essentially a toll charge applied when you formally renounce your U.S. citizenship or surrender your long-term permanent resident (Green Card) status
northstar cpa
7 days ago4 min read
That Mutual Fund SIP Back Home Might Be CausingYou a US Tax Headache
For NRIs, a simple Systematic Investment Plan in Indian mutual funds is often classified as a PFIC by the IRS. Discover the hidden punitive tax implications, the burdensome Form 8621 filing requirements, and strategies to restructure your cross-border investment portfolio effectively. For many Non-Resident Indians (NRIs) living in the US, continuing a Systematic Investment Plan (SIP) in Indian mutual funds feels like a smart, nostalgic way to build wealth back home. Unfortuna
northstar cpa
7 days ago3 min read
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