H-1B With Indian Mutual Funds: PFIC Risk Review Investing in Indian mutual funds is common among professionals in India, but holding them as a U.S. tax resident creates severe...
H-1B Late FATCA Filing: Form 8938 Risk Questions Omitting Form 8938 from your federal tax return triggers an automatic open audit window and substantial monetary fines from the IRS....
H-1B With Foreign Crypto Account: Reporting Questions Trading or holding digital assets on foreign cryptocurrency exchanges while on an H-1B visa places you at the intersection of evolving IRS...
H-1B With Foreign Life Insurance Policy: U.S. Tax Questions Foreign life insurance policies—particularly endowment plans and cash-value policies purchased in India—are rarely straightforward under U.S. tax law. H-1B visa...
H-1B With Foreign Retirement Account: Reporting Review H-1B professionals who accumulated funds in foreign retirement accounts—such as the Employees’ Provident Fund (EPF) or National Pension System (NPS) in India—face...
H-1B With Indian ULIP: U.S. Tax and PFIC Questions Unit Linked Insurance Plans (ULIPs) are extremely popular in India because they combine life insurance coverage with equity or debt...
H-1B With Foreign Trust or Gift: Reporting Risk Cross-border family financial arrangements involving foreign trusts, family settlements, or major gifts carry some of the most aggressive penalties in the...
H-1B Receiving Gift From India: U.S. Reporting Questions Receiving monetary gifts from family members in India—whether to assist with a home purchase in the U.S. or as a transfer...
H-1B Receiving Inheritance Abroad: Tax Review Inheriting assets overseas while residing in the U.S. on an H-1B visa involves navigating both foreign estate settlements and U.S. cross-border tax obligations....
H-1B Sending Money to India: Tax Questions Founders Ask H-1B visa holders and foreign-born tech founders frequently transfer funds from the U.S. back to India for family support, real...