Franklin India Mutual Funds and IRS Tax Treatment For U.S. tax residents, holding Franklin India Mutual Funds is significantly different from holding Franklin Templeton funds in a U.S. brokerage....
Are Axis Mutual Funds PFICs Yes, Axis Mutual Funds are almost certainly classified as Passive Foreign Investment Companies (PFICs) under IRS Section 1297. For any U.S. person (citizen, green...
Reporting SBI Mutual Funds for US Residents SBI Mutual Fund is a household name for many NRIs, but for those residing in the U.S. in 2026, these investments carry...
Gained US Citizenship Congratulations on your U.S. citizenship! While your passport has changed, so has your relationship with the IRS. As a U.S. citizen in 2026, you are now...
FBAR or Form 8621? In 2026, if you and your spouse jointly own Indian mutual fund folios (e.g., with SBI, Axis, or HDFC), you are subject to two entirely...
FATCA Compliance for Indians If you hold investments in HDFC Mutual Fund, you are part of a global reporting network. Because India signed an Inter-Governmental Agreement (IGA) with the...
Passive Foreign Investment Companies (PFICs) If you are a U.S. tax resident, whether on an H1B, L1 visa, or a Green Card, your Indian mutual funds are categorized as...
Indian Mutual Funds on Form 8621 Reporting Indian mutual funds is a multi-step process that requires converting Rupee values to USD and making a critical choice between three taxation...
If your aggregate foreign financial accounts, including Indian mutual funds, bank accounts (NRE/NRO), and life insurance policies, exceeded $10,000 at any point during 2025, you are legally required to...
The Hidden IRS Risk Lurking in Your Indian Mutual Funds For most H1B professionals, investing in an Indian mutual fund seems like a straightforward way to build wealth in...