Your H-1B Visa Doesn’t Exempt You from PFIC Penalties, Here’s Why A common misconception among the Indian H-1B community is that because they are “non-immigrants” or “temporary workers,” their...
Redeemed Indian Mutual Funds – Do I Owe US Tax? If you redeemed (sold) units of an Indian mutual fund in 2025, you likely noticed that your Indian broker...
New to PFIC Rules? A Beginner’s Guide for NRIs with Indian Mutual Funds If you recently moved to the U.S. from India on an H-1B, L-1, or Green Card,...
IRS Penalties for Not Reporting Indian Mutual Funds Failing to report Indian mutual funds isn’t just a matter of “back taxes.” Because these funds are classified as Passive Foreign...
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...
PFIC Reporting Simplified: A Guide for H1B Visa Holders with Indian Investments For an H1B holder, the term PFIC (Passive Foreign Investment Company) is often discovered only when a...
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...
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...
Problem: Why Most Indian-Americans Get This Wrong Indian mutual funds may seem like a smart investment. But for U.S. taxpayers especially Indian-Americans they come with a hidden trap: PFIC...
Indian mutual funds may feel safe and familiar to investors, but for U.S. taxpayers, they’re a PFIC landmine. Thousands of Indian-Americans investing in ICICI, HDFC, SBI, or Nippon funds...