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...
Did You Miss PFIC Form 8621? Here’s What H1B Investors Must Know For many H1B professionals, tax season involves a quick upload of a W-2 and perhaps some 1099s....
Indian Mutual Funds Are PFICs: What Every H1B Needs to Know For most Indian professionals on an H1B visa, maintaining a portfolio back home is a standard part of...
PFIC Compliance for NRIs: Don’t Let the IRS Penalize You For Non-Resident Indians (NRIs) living in the U.S., the dream of building wealth back home in India often hits...