L1 Holders Rotating Between US and India: Tracking Inherited Indian Property/Assets Across Tax Residency Years As an L1 visa holder, your tax residency status often shifts due to your...
L-1 With Late FATCA Filing: Form 8938 Questions While many L-1 visa holders are familiar with FBAR, late filing of FATCA Form 8938 presents a separate and severe compliance...
Common FATCA Compliance Mistakes The Foreign Account Tax Compliance Act enforces strict reporting obligations on U.S. taxpayers holding specified foreign financial assets. Because FATCA rules are complex, taxpayers frequently...
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...
Green Card Holders Living Part-Time in India: Indian Private Company Shares Reporting You Can’t Skip For Green Card holders, U.S. tax residency is a permanent status that does not...