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AMERICAN TAX DEFAULTERS
Failed to report US stocks gained via ESOP? Use this one-time Amnesty scheme; Know how it worksA one-time amnesty scheme, the FAST-DS, has been introduced to help Indian residents and NRIs resolve past non-compliance with reporting fo...29 Apr, 2026, 01.06 PM IST- GAAR shadow over payments abroad worries India IncIndia Inc seeks clarity on General Anti-Avoidance Rules (GAAR) for payments to foreign entities after a Supreme Court ruling. The govt offe...02 Apr, 2026, 07.06 PM IST
- Up to 15% of your paycheck gone? Government can take it without court — here’s whyStudent loan wage garnishment: Federal student loan defaults can lead to direct wage garnishment without court action, allowing up to 15% o...24 Mar, 2026, 07.46 PM IST
- Education department pauses wage garnishment and tax seizures for defaulted student loan borrowers amid repayment reformsThe US Department of Education has temporarily halted plans to resume wage garnishment and federal benefit seizures for defaulted student l...17 Jan, 2026, 02.11 PM IST
- Social Security payments, income tax refunds, wages paychecks may be stopped for millions of Americans. Here's how to check, resolve issueFederal Student Aid website says the government sends a notice to your last known address to inform you that a seizure is scheduled to begi...17 Jan, 2026, 04.18 AM IST
- Why tax refunds could shrink for millions of Americans as debt collection resumes in JanuaryTax refund garnishment: Millions of Americans with defaulted federal student loans face a significant change. Starting January 2026, the go...09 Jan, 2026, 10.09 PM IST
- Student loan wage garnishment returns in 2026 under Trump — what borrowers must know nowThe Trump administration plans to restart federal student loan wage garnishment for defaulted borrowers in early 2026. Notices will go out ...25 Dec, 2025, 07.35 PM IST
- Millions paycheck could shrink January 7 as government debt crackdown is about to hit workersMillions of Americans face paycheck cuts starting January 7, 2026, as the federal government restarts student loan wage garnishments. Up to...24 Dec, 2025, 10.44 PM IST
- Think your 401(k) is safe? These 3 hidden mistakes could be crushing your retirementMany workers think their 401(k) is safe, but small mistakes can hurt retirement savings. Saving too little, missing employer matches, and n...15 Dec, 2025, 06.49 PM IST
- Student borrowers beware: Donald Trump says default could cost you your social security and tax refunds, no exceptionsStudent loan defaulters will face strict actions starting May 5. The US Education Department will restart withholding tax refunds and Socia...23 Apr, 2025, 10.47 PM IST
- US education department to restart 'involuntary' student loan collectionsThe US Department of Education will restart the "involuntary" collection of defaulted federal student loans on May 5, ending a Covid-era pa...22 Apr, 2025, 03.05 PM IST
- US Education department to resume student loan collections from May 5, affecting millions in defaultThe US Education Department will restart student loan collections from 5 May, targeting over 5 million borrowers in default. Wage garnishme...22 Apr, 2025, 06.38 AM IST
- No agreement on debt ceiling after Biden-McCarthy meetPresident Joe Biden and House Speaker Kevin McCarthy both said they had a productive debt ceiling discussion late Monday at the White House...23 May, 2023, 11.45 PM IST
- How a 23-year-old Mumbai boy pulled off a Special 26 on AmericansShahgar Thakkar, or Shaggy, made nearly Rs 500 crore in one year by duping Americans till his game was busted by a disgruntled employee.10 Oct, 2016, 03.33 PM IST
- Call centre swindle:'Best performer' staff got extra bucks for conning US nationalsThe employees were given liberal incentives for money they earned for the company by calling up US 'tax defaulters'.06 Oct, 2016, 10.49 PM IST
- US explores treaty to nail American tax defaulters in IndiaThe US has said it is working on an inter-government engagement with India and other countries to check non-compliance by American taxpayer...09 Nov, 2012, 12.59 PM IST
- MasterCard, American Express settle suit for $1.8 bnMasterCard, the world’s second-biggest credit-card network, agreed to pay as much as $1.8 billion to settle a complaint that it blocked ban...26 Jun, 2008, 04.11 AM IST
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