US Citizens by Birth to Indian Parents: Do You Owe Back Reporting on Indian InvITs? If you are a US citizen by birth, even if you have lived in...
Foreign Asset Reporting Checklist Maintaining foreign assets requires systematically identifying every reportable account, fund, entity, and agreement. Missing a single filing requirement can result in severe statutory penalties. Reviewing...
Green Card Holders Living Part-Time in India: Gifts Received from Indian Relatives Reporting You Can’t Skip Holding a U.S. Green Card makes you a permanent tax resident, regardless of...
IRS Rules for Tax-Free Foreign Income A common misconception among cross-border taxpayers is that certain foreign income, such as foreign bank interest or offshore investment growth, is automatically tax-free...
US Citizens Who Inherited PPF (Public Provident Fund) in India: Reporting Triggers You Didn’t Expect Inheriting a financial asset from a loved one in India can feel like a...
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...
Gifted Indian Mutual Funds From Parents – IRS Treatment In 2026, receiving a gift of mutual funds from parents in India is a generous gesture that carries heavy U.S....
Foreign Gifts & Inheritances: The Hidden Trap of Form 3520 Inheriting a family property or receiving a large cash gift from your parents back home feels like a blessing—until...
Many Indian-American taxpayers are confused about how to handle money gifts from their parents in India. Is it taxable? Does it need to be reported? Will the IRS audit...
Introduction: Passing Wealth-Without Blowing Up Your Tax Bill For many Indian-American families, planning how to pass assets-both in the U.S. and India-is emotionally and financially significant. Yet, most CPAs...