US Citizens Who Inherited EPF (Employees’ Provident Fund) in India: Reporting Triggers You Didn’t Expect Inheriting an Employees’ Provident Fund (EPF) account from a relative in India is an...
Self-Employed on O1 visa with EPF (Employees’ Provident Fund) in India: Compliance Considerations Navigating the US tax landscape as a self-employed professional or entrepreneur of extraordinary ability on an...
H1B Dual-Status Year Filing: Where EPF (Employees’ Provident Fund) Fits on Your First US Tax Return Relocating from India to the US on an H1B visa splits your tax...
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...
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 PFIC Trap: How Indians on H1B Are Overlooking Huge IRS Penalties For thousands of Indian professionals on H1B visas, a “diversified” portfolio often includes mutual funds, ETFs, or...
Indian EPF & PPF: The “Tax-Free” Growth Myth in the US The Public Provident Fund (PPF) and Employee Provident Fund (EPF) are the gold standards of retirement saving in...
Many Indian-origin U.S. taxpayers receive IRS notices related to unreported Indian bank accounts, PPFs, FDs, or mutual funds, often because their previous CPA either didn’t ask or failed to...
Indian PF, PPF & NPS Accounts Most Indian-origin taxpayers living in the U.S. are unaware that their Indian retirement accounts like EPF, PPF, and NPS can trigger IRS reporting...