Difference in US and India tax years
As a US expat living in a foreign country, you need to report your global income on your US tax return. Now how should you do this is a major
What is FBAR ? Education for US Expats
Report of Foreign Bank and Financial Accounts (FBAR) A lot of US citizens and residents have financial interest outside the country. Since your global income is liable to be taxed
Is Foreign Tax Credit better than Foreign Earned Income Exclusion ?
Foreign Earned Income Exclusion (FEIE) as we have already discussed in the earlier article, can be claimed on “foreign earned” income. Thus, primarily, salary and business income qualify for a
What is Foreign Tax Credit?
What is Foreign Tax Credit (FTC)? Foreign tax credit is a credit which you can claim on the taxes paid to a foreign government. If you have paid taxes on
US Expats : Know what is Foreign Earned Income Exclusion
Foreign Earned Income Exclusion is a nice exemption that allows US Expats to avoid double taxation on their foreign earned income. As a US citizen or a US expat living
Can I transfer funds from India to US on sale of property ?
Let us discuss in this article if you can transfer funds from India to US on sale of property. Transfer of money from India to US is subject to the
What is Foreign Tax Credit?
In this article, we will understand what is Foreign Tax Credit (FTC), who can avail it and how can it be claimed? Foreign Tax Credit is a credit availed on
Claiming foreign tax credit on interest income in India on US tax return
How can you claim foreign tax credit on interest income in India on US tax return? Being a US citizen, you will have to disclose your global income on your
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