Why This Blog Matters Every year, thousands of Indian-Americans receive foreign gifts from parents or relatives in India. It might be a $100K wire transfer, property inheritance, or simply...
Many Indian professionals working in the U.S. on an L-1 visa face confusion about tax residency, dual-status returns, foreign salary, and tax treaty benefits. Worse, most CPAs are unfamiliar...
Many Indian-origin taxpayers living in the U.S. invest in Indian mutual funds like HDFC, ICICI, or SBI schemes without realizing these may be classified as Passive Foreign Investment Companies...
Indian PF, PPF & NPS Accounts Most Indian-origin taxpayers living in the U.S. are unaware that their Indian retirement accounts like EPF, PPF, and NPS can trigger IRS reporting...
Many Indian-Americans living in the U.S. are unaware of their obligation to report foreign financial accounts-even if those accounts are in India and earn minimal or no income. Most...
Many Indian-origin taxpayers in the United States are now under increased scrutiny by the IRS due to global financial transparency initiatives, FBAR enforcement, and noncompliance with foreign account reporting....
U.S. Tax Residency Explained Many Indian nationals working or staying in the United States are unaware that they may be considered U.S. tax residents even if they hold temporary...
Introduction As the 2025 tax season approaches, significant changes are on the horizon. Former President Donald Trump’s newly proposed tax legislation is set to reshape how individuals and businesses...