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...
FBAR or Form 8621? In 2026, if you and your spouse jointly own Indian mutual fund folios (e.g., with SBI, Axis, or HDFC), you are subject to two entirely...
Indian Mutual Funds on Form 8621 Reporting Indian mutual funds is a multi-step process that requires converting Rupee values to USD and making a critical choice between three taxation...
Did You Miss PFIC Form 8621? Here’s What H1B Investors Must Know For many H1B professionals, tax season involves a quick upload of a W-2 and perhaps some 1099s....
PFIC Compliance for NRIs: Don’t Let the IRS Penalize You For Non-Resident Indians (NRIs) living in the U.S., the dream of building wealth back home in India often hits...
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...
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...