HDFC Mutual Funds Bought During India Visits – Are They Taxable in the US? Many US-based NRIs use their annual trips to India to visit family and “tidy up”...
Should You Report Kotak Mutual Funds Gains in FBAR? One of the most common points of confusion for US residents with Indian investments is whether they need to report...
Reporting SBI Mutual Funds for US Residents SBI Mutual Fund is a household name for many NRIs, but for those residing in the U.S. in 2026, these investments carry...
Gained US Citizenship Congratulations on your U.S. citizenship! While your passport has changed, so has your relationship with the IRS. As a U.S. citizen in 2026, you are now...
FBAR or Form 8621? In 2026, if you and your spouse jointly own Indian mutual fund folios (e.g., with SBI, Axis, or HDFC), you are subject to two entirely...
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...
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...
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...
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...