Dual-Status Tax Year 2026: Reporting Indian MFs & PFICs A Dual-Status year occurs when you transition between being a Non-Resident Alien (NRA) and a Resident Alien (RA) within the...
Gifted Indian Mutual Funds From Parents – IRS Treatment In 2026, receiving a gift of mutual funds from parents in India is a generous gesture that carries heavy U.S....
US Resident Alien Status – Must I Disclose HDFC Mutual Funds? If you are a Resident Alien (H1B, L1, or Green Card holder) in 2026, the short answer is...
New US Resident Guide Moving to the U.S. involves more than just a new job and a social security number, it triggers a massive shift in how your Indian...
Married to a US Citizen? 2026 Guide to Reporting Indian Assets Marrying a U.S. citizen often triggers the “6013(g) Election,” a choice that allows you to be treated as...
NRIs Returning to India – What Happens to US Tax on Indian MFs? For many NRIs, the move back to India in 2026 is a homecoming, but for the...
Sold HDFC Mutual Funds After Getting Green Card – How to Report It? For a new Green Card holder in 2026, selling an Indian mutual fund like HDFC Top...
Bought Indian Mutual Funds While a Student in the US – What Now? For many Indian students on F1 or J1 visas, the first few years in the U.S....
Tax Treatment of Indian ELSS Funds Under IRS Equity Linked Savings Schemes (ELSS) are highly popular in India for their dual benefit of equity growth and tax deductions under...
IRS Penalties for Not Reporting Indian Mutual Funds Failing to report Indian mutual funds isn’t just a matter of “back taxes.” Because these funds are classified as Passive Foreign...