New U.S. Citizen With Foreign Pension Account: Reporting Questions Many new U.S. citizens retain employer pensions, private retirement plans, or state-sponsored pension rights in their countries of origin. Foreign...
New U.S. Citizen With Foreign Brokerage Account: FATCA Review Maintaining an overseas brokerage account after becoming a U.S. citizen brings immediate regulatory scrutiny under FATCA. Foreign financial institutions are...
Americans Retiring in India with Indian ESOPs from Employer: Reporting Obligations That Don’t Disappear Many US citizens and Green Card holders finishing their corporate careers in India plan to...
US Citizens Who Inherited AIF Category III in India: Reporting Triggers You Didn’t Expect Inheriting wealth from family members in India is a generous legacy, but it can quickly...
Form 8621 Fines Can Be Brutal, Here’s How to Avoid Them When Indian NRIs discuss IRS penalties, they usually worry about the $10,000+ FBAR fine. However, for your 2026...
How to Handle Joint HDFC Mutual Fund Accounts Many U.S. residents hold HDFC Mutual Funds in joint accounts with their parents in India, often for succession planning or to...
Did Not Report HDFC Mutual Fund Gains If you realized that you didn’t report gains or holdings for your HDFC mutual funds on past U.S. tax returns, you aren’t...
The H-1B Tax Trap Most CPAs Miss Most H-1B visa holders in the U.S. are unaware that their worldwide income becomes taxable the moment they meet the IRS’s Substantial...