Planning to relocate to India from the US? Checklist for US Citizens
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Taxation on sale of property in India and on US tax return
Let us understand the taxatio of the sale of property in India (assuming this is not a rental property) as well as on th US tax return. Say for e.g.
US Expats : Declare your Foreign Financial Assets Form 8938
What is Form 8938 – Statement of Specified Foreign Financial Assets ? Form 8938 is used to report your specified foreign financial assets if the total value of these is
What is the takeaway for US expats from the US tax reforms of 2019?
The Tax Cut and Jobs Act passed by the Trump administration has made several changes to the tax law. In this article, let us look at the major provisions which
How are mutual funds taxed under the Excess Distribution Method ?
In the previous article (click here), we saw the basics of mutual fund taxation. In this article we understand the taxation as per the Excess Distribution Method. When are you
Taxation of Indian mutual funds on US tax return : PFIC Form 8621
Taxation of Indian mutual funds on US tax return is a very critical component of your US tax return. If you are a US citizen, resident or a green card holder having
The IRS ends OVDP, you can still take advantage of the streamlined program
The IRS ended its Offshore Voluntary Disclosure Program or OVDP for short, on September 28, 2018.This program which was in effect since 2014 helped a lot of people to come
How should you be FATCA compliant in India?
If you are a US citizen residing in India, your Indian banks must have probably issued you some forms requiring disclosure under FATCA requirements. These forms look like an extended
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