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...
PFIC Tax Nightmare: H1B Professionals Paying 50% Tax on Indian Mutual Funds For many H1B professionals, the “India Growth Story” is a primary pillar of their wealth strategy. You...
Are You an H1B Investor? You Might Be Non-Compliant with PFIC Rules For most H1B holders, the transition to being a U.S. Tax Resident happens quickly through the “Substantial...
Avoid PFIC Penalties: Indian Mutual Fund Tax Rules for U.S. Residents For U.S. tax residents holding Indian mutual funds, the term “Passive Foreign Investment Company” (PFIC) is more than...
PFIC Reporting Simplified: A Guide for H1B Visa Holders with Indian Investments For an H1B holder, the term PFIC (Passive Foreign Investment Company) is often discovered only when a...