Are Axis Mutual Funds PFICs Yes, Axis Mutual Funds are almost certainly classified as Passive Foreign Investment Companies (PFICs) under IRS Section 1297. For any U.S. person (citizen, green...
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...
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...
Avoid PFIC Penalties: Indian Mutual Fund Tax Rules for U.S. Residents For U.S. tax residents holding Indian mutual funds, the term “Passive Foreign Investment Company” (PFIC) is more than...
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...
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...
If you recently moved to the U.S. from India in 2025, you may not be considered a full-year tax resident. That means you’ll likely need to file a dual-status...
Many Indian-origin taxpayers living in the U.S. struggle with how to report income earned in India especially when their CPA doesn’t specialize in NRI taxation. One wrong move can...
Paying taxes in both the U.S. and India? You’re not alone. Many Indian-Americans and NRIs struggle with the fear of double taxation. Fortunately, the IRS allows you to claim...