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 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...
New U.S. Citizen With Form 26AS Income: U.S. Reporting Questions Form 26AS is the annual tax statement issued by the Indian Income Tax Department, cataloging all income, TDS, and...
New U.S. Citizen Living Outside U.S.: Worldwide Income Review Establishing a permanent residence outside the United States does not sever your federal tax obligations as a new U.S. citizen....
New U.S. Citizen With Foreign Capital Gains: U.S. Tax Filing Review Selling property, stocks, or investments located outside the United States after becoming a U.S. citizen creates immediate U.S....
New U.S. Citizen With Indian Bank Accounts: U.S. Reporting Review Holding bank accounts in India is extremely common for newly naturalized U.S. citizens of Indian origin. However, Indian banking...
The Substantial Presence Test and PPF (Public Provident Fund): When H1B Filers Must Start Reporting Many Indian professionals moving to the U.S. on an H1B visa believe their Public...
H-1B Relocating Back to India: U.S. Exit-Year Tax Questions Relocating from the United States back to India while on an H-1B visa requires careful closing of your U.S. tax...
H-1B Tax Treaty Benefit: Common Misunderstandings Tax treaties between the United States and foreign nations are designed to prevent double taxation, but they are frequently misunderstood by H-1B visa...
Form 5472 + SMLLC = IRS Trouble If You Miss This Deadline In the 2026 tax landscape, the IRS has transitioned from “observation” to “automated enforcement.” For foreign owners...