Green Card Holder With Foreign Mutual Fund Redemption: PFIC Review Liquidating foreign mutual funds or unit trusts as a U.S. Green Card holder triggers one of the most punitive...
L-1 With Foreign Mutual Fund Redemption: PFIC Questions Redeeming or selling foreign mutual funds—such as Indian mutual funds or SIPs—while holding resident tax status on an L-1 visa triggers...
Green Card Holder With Indian Mutual Funds: PFIC Risk Questions Holding foreign mutual funds is one of the most complex tax traps for U.S. Green Card holders. Under the...
O-1 With Foreign Mutual Funds: PFIC Questions O-1 Visa Professionals Facing Punitive U.S. Taxation on Offshore Investment Funds Foreign mutual funds and exchange-traded funds (ETFs) are categorized as Passive...
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...
Taxation of Capital Gains From Indian Mutual Funds in the US For U.S. taxpayers (Citizens, Green Card holders, and Residents), Indian mutual funds are the ultimate “tax trap.” While...
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....