H-1B Receiving Gift From India: U.S. Reporting Questions Receiving monetary gifts from family members in India—whether to assist with a home purchase in the U.S. or as a transfer...
New U.S. Citizen With Form 26AS Income: U.S. Reporting Questions Form 26AS is the annual tax statement issued by the Indian Income Tax Department, cataloging all income, TDS, and...
 H-1B Buying Property in India: U.S. Tax Reporting Issues Moving money overseas to purchase real estate in India can trigger unexpected IRS compliance requirements for H-1B visa holders. Many...
H-1B FBAR vs FATCA: Common Mistakes Many H-1B visa holders conflate FBAR (FinCEN Form 114) and FATCA (Form 8938), assuming that filing one covers both obligations. While both focus...