New U.S. Citizen Late FATCA Filing: Form 8938 Review Form 8938 (FATCA disclosure) is attached directly to your federal income tax return, making late or omitted filings instantly visible...
H-1B Buying Property in India: U.S. Tax Reporting Issues Moving money overseas to purchase real estate in India can trigger unexpected IRS compliance requirements for H-1B visa holders. Many...
US Citizens Who Inherited ULIPs (Unit Linked Insurance Plans) in India: Reporting Triggers You Didn’t Expect Receiving an inheritance from India is a significant financial milestone, but for US...
The Substantial Presence Test and NPS (National Pension System): When H1B holders Filers Must Start Reporting For H-1B visa holders, the transition to U.S. tax residency is a pivotal...
H-1B FATCA Form 8938 Threshold Questions Under the Foreign Account Tax Compliance Act (FATCA), H-1B visa holders who qualify as U.S. tax residents must disclose specified foreign financial assets...
F1/OPT Students and Chit Funds: Are You Even a US Tax Resident Yet? For many F1 students and those on Optional Practical Training (OPT), the U.S. tax system feels...
H1B Holders and Indian REITs: What Counts as ‘Foreign’ the Moment You’re a US Tax Resident As an H1B holder, once you meet the Substantial Presence Test, you become...
Indian Bonds: US Citizens Who Inherited Indian Corporate Bonds in India: Reporting Triggers You Didn’t Expect For many US citizens, inheriting assets from family in India is a significant...
H1B to Green Card Transition: How Reporting Obligations on Indian Government Bonds Change When you hold an H1B visa, your U.S. tax residency is determined by the Substantial Presence...
US Citizens with Chit Funds in India: Why Citizenship-Based Taxation Changes Everything Unlike most countries that base taxation on residence, the United States employs citizenship-based taxation (CBT). This means...