State Residency Pitfalls for Indian-Origin Returnees from the U.S.
States such as California, New York, New Jersey, and Virginia can tax returnees if U.S. ties remain. Terminate…
Articles by & updated by Sai Sankar
U.S. Gift and Inheritance Planning for Indian Assets: Practical Rules
As cross-border gifts and inheritances rise, Indian-U.S. families face closer scrutiny. File Form 709 for gifts above $18,000…
IRS Audits for NRIs: Key Triggers and Compliance Tips
IRS scrutiny of Americans in India focuses on FBAR (>$10,000) and Form 8938 (higher asset thresholds). Missed filings,…
GILTI for India Founders: Navigating High-Tax Exemption and Filings
GILTI requires U.S. shareholders with ≥10% ownership in foreign corporations to report tested income yearly. India’s ~25% tax…
Cross-Border Estate Tax: U.S. and India Reporting for Decedent’s Assets
Executors must include India assets in U.S. estate tax reporting and manage India capital gains, FBAR, Form 3520,…
Tax Implications for Indian-Origin U.S. Persons Holding Gold Jewelry
U.S. persons selling Indian gold or jewelry must report gains on Schedule D; collectibles rules can tax long-term…
Top Tax Mistakes U.S. Citizens in India Must Avoid
U.S. citizens in India must report worldwide income on Form 1040 and file FBAR if foreign accounts exceed…
FEIE vs FTC for H-1B and F-1 Income from India: Guidance
FEIE (Form 2555) excludes eligible wages earned abroad up to $130,000 (2025) if time tests are met; FTC…
FBAR vs FATCA for NRIs: Key Rules, Thresholds, and Penalties (2025)
NRIs must check FBAR (>$10,000 aggregate foreign accounts) and FATCA (Form 8938 for broader assets with varying thresholds).…