Guides
Latest in Guides
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, and Form…
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 gains up…
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 $10,000; misuse…
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 (Form 1116)…
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). Non-filing risks…
Rental Income Tax for H-1B/GC with Indian Property: Dual Filing
U.S. residents with rental property in India must file Indian returns when due, report the rent on U.S. Form 1040/Schedule…
NRIs Owning Indian Property While in the U.S.: Tax Rules
Simply owning Indian property does not trigger U.S. taxes if there’s no rent or sale. Reporting obligations focus on rental…
NRI Builds India Home for Parents: No U.S. Tax or Filing
An NRI-owned home in India used rent-free by parents generally creates no U.S. tax or property reporting. The main obligation…