Shalini Kodial CPA

10/13/2026

FBAR Filing Deadline: October 15, 2026

Do you have foreign bank accounts, investments, or other financial assets outside the United States?

The October 15 deadline for filing the 2025 FBAR (FinCEN Form 114) is approaching.

U.S. persons with foreign financial accounts exceeding a combined value of $10,000 at any time during 2025 may be required to file an FBAR, even if the accounts did not generate any income.

In addition to FBAR reporting, it is important to review other foreign asset disclosure requirements, including:

• PFIC Reporting (Form 8621): Foreign mutual funds, certain foreign ETFs, and other qualifying foreign investments.

• Foreign Financial Assets (Form 8938): Certain foreign financial accounts, stocks, and investments that meet applicable reporting thresholds.

• Foreign Bank and Investment Accounts: Including certain foreign retirement accounts and financial assets subject to FBAR reporting.

FBAR, PFIC, and FATCA reporting are separate compliance requirements, and each may have different filing obligations and deadlines.

With the deadline just around the corner, make sure your foreign accounts and investments are properly reviewed and reported to avoid potential penalties.

Need assistance with FBAR, PFIC, or foreign asset reporting? Contact our team for professional guidance. www.skodialcpa.com

Empowering business owners to achieve financial success through Fractional CFO services and strategic tax planning.

09/24/2026

Thank you, Shalini Kodial CPA, for being a sponsor of and supporting DFW's business community!

Real estate success isn't just what you earn—it's what you keep and build. That belief drives everything Shalini Kodial CPA PLLC does.

The firm helps real estate investors and business owners implement proactive tax strategies, understand their numbers, and make informed financial decisions that support long-term wealth.

We're grateful to have their expertise in the room as DFW's finance and real estate leaders come together for the Chamber's inaugural Finance & Real Estate Conference.

📅 Friday, September 25, 2026 | 📍 Frontiers of Flight Museum, Dallas

https://bit.ly/finrex26

07/22/2026

Shalini Kodial CPA PLLC had the pleasure of hosting a Happy Hour at FlexEtc in partnership with the US India Chamber of Commerce — great conversations, great community, and yes… plenty of tax talk. 🎉

A few of the key takeaways Shalini shared:

🛡️ Get your IRS IP PIN to protect against tax identity theft (https://irs.gov/ippin)

🌐 Foreign accounts over $10K? FBAR filing is mandatory — and Form 8938 may apply too

📊 Indian mutual funds & ETFs are PFICs — Form 8621 reporting isn't optional

🏢 Your LLC can be taxed as a sole prop, partnership, S corp, or C corp — the structure you choose changes everything. Get a professional review.

💰 RSUs, RSAs, ESOPs, ESPPs — misreporting equity comp often means paying tax twice on the same income

📅 Year-end tax planning is good. Year-round planning is better.

🏷️ Paid IRS penalties? You may qualify for First-Time Penalty Abatement — most taxpayers have no idea this exists

And the big picture: the tax code is written to encourage behavior — investing, hiring, building. That's why business owners and investors benefit from most of its pages… and why two friends with the SAME income can have completely different tax bills. The difference? Their financial decisions.

Wondering what incentives YOUR return is missing? Let's find out together 👉 https://calendly.com/skodialcpa/compconsultation

Special thank you to the US India Chamber of Commerce for organizing this Happy Hour, FlexEtc and Ariel Herr for hosting, Rajula's Kitchen for the great appetizers, Priya Spize Works for the amazing dessert cart, and everyone who came out for a wonderful evening! 🙏

07/15/2026

🥂 Are you ready for a fun happy hour this Thursday, July 16? 🥂

Shalini Kodial CPA PLLC is a proud sponsor of the US INDIA Chamber of Commerce DFW Summer Happy Hour, and we can't wait to see you there TOMORROW!

An evening of great conversations, new connections, and community — this is what the Chamber does best. Whether you're a longtime member or attending your first event, come say hello. We'd love to meet you!

And it's at one of our favorite places, the beautiful co-working/co-warehousing space at FlexEtc! Thank you also Spize Works for sponsoring the yummy dessert/charcuterie cart!

📅 Thursday, July 16 | 5–8 PM
📍 Flex Etc, Plano
🔗 Register: bit.ly/chamberhappyhour

See you tomorrow evening!

07/15/2026

Grateful doesn't begin to cover it: Shalini Kodial CPA is a finalist for AICTP's CTC of the Year — and the first finalist spotlighted in the Reunion Month countdown to the 2026 Gala and Awards Dinner!

This recognition is a testament to the trust of our clients, the support of family, team, and mentors, and the belief that setbacks can become opportunities. What began in 2023 with two clients is now a nationwide practice built on strategic, proactive tax advisory.

Thank you, AICTP, and thank you, Susan Bryant, for the introduction that started it all.

To fellow tax professionals: start advisory now. You won't regret it.

Certified Tax Coach | Tax Planning Strategy | Tax Reduction Specialists

07/04/2026

🎙️ Shalini Kodial's story is proof that a setback can be a setup. After a layoff in the restaurant industry, she launched Shalini Kodial CPA PLLC in 2023 — and hasn't looked back.

Listen here: https://www.youtube.com/live/RbOb7qKEt8c?si=zPg6cgBB4DMhKPfG ... in this episode of the Good Neighbor Podcast, Shalini shares why year-round tax strategy beats last-minute filing, busts the tax "write-off" myths flooding social media, and explains how her Grapevine-based team of CPAs, enrolled agents, and certified tax planners serves business owners and high-net-worth individuals across the U.S.

If you're in restaurants, construction, or real estate — this one's for you. 🎧 Listen now!

07/03/2026

🎉 Happy 4th of July from all of us at Shalini Kodial CPA PLLC! 🇺🇸

Today, we celebrate the freedoms that allow us to dream big, build businesses, and create better futures for our families and communities. To our clients and friends — thank you for trusting us to be part of your journey. Your hard work and entrepreneurial spirit embody the very best of what this country stands for.

Wishing you a safe and joyful Independence Day filled with family, friends, good food, and fireworks. Enjoy the long weekend — you've earned it!

06/18/2026

Short-term rental? It probably doesn’t belong on Schedule C.

A common Airbnb/VRBO myth: that rental income goes on Schedule C like a business. In most cases, it goes on Schedule E — which means no 15.3% self-employment tax.

Two things people mix up:
→ The “7-day rule” affects passive losses, not which schedule you file. Still Schedule E.
→ Schedule C only applies if you provide substantial services (daily housekeeping, meals, concierge — hotel/B&B style). Towels and Wi-Fi don’t count.

Get it right and you avoid an SE-tax bill you never owed.

Questions about your rental? Let’s talk.
https://lnkd.in/gx7is4Za

06/18/2026

Did you pay IRS penalties or interest between 2020 and 2023? A federal court just ruled those charges may have been improperly assessed. You could be owed a refund — but you have to file a claim before July 10, 2026.

Contact us to discuss your situation. www.skodialcpa.com
https://calendly.com/skodialcpa/compconsultation

06/17/2026

Protecting your tax identity is just as important as filing your taxes correctly.

That’s why I recommend an IRS IP PIN—a free tool that helps prevent tax-related identity theft and fraudulent filings. https://www.irs.gov/identity-theft-fraud-scams/get-an-identity-protection-pin www.skodialcpa.com