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Your iPhone Passport Is Closer, But Restrictions Remain in Place
By late 2025 Apple will add a digital passport to iPhone Wallet for select TSA domestic checkpoints. It uses eMRTD…
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, mismatched income,…
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 often allows…
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…
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)…
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…