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...
H1B Holders Beware: Your Indian Mutual Funds Might Be Costing You Thousands For most H1B professionals, maintaining a mutual fund portfolio in India feels like a smart way 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...
Your essential guide to U.S.-India tax compliance under the OBBBA legislation. 1. Key Deadlines for 2026 Date Deadline Description Who It’s For Jan 15, 2026 Final Q4 2025 Estimated...
The 2026 Compliance Revolution: New Forms and Stricter Oversight For business owners and expats, the 2026 filing season (reporting 2025 income) is not “business as usual.” The IRS has...
Missed Your PFIC or FBAR Filings? How to Catch Up in 2026 If you’ve recently realized that your Indian mutual funds are PFICs (as we discussed in [Blog #1])...
Audit-Proofing Your 2025 Return: Top 5 IRS Audit Red Flags for Expats As we move into the 2026 filing season, the IRS’s ability to “see” your global assets has...
Problem: Why Most Indian-Americans Get This Wrong Indian mutual funds may seem like a smart investment. But for U.S. taxpayers especially Indian-Americans they come with a hidden trap: PFIC...
Many Indian taxpayers in the U.S. struggle with a critical filing choice: Should I file as “Married Filing Jointly (MFJ)” or “Married Filing Separately (MFS)” if my spouse still...
Many Indian professionals working in the U.S. on an L-1 visa face confusion about tax residency, dual-status returns, foreign salary, and tax treaty benefits. Worse, most CPAs are unfamiliar...