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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…
U.S. Tax Implications of Selling Indian Real Estate
Selling property in India triggers Indian capital gains rules (24-month threshold with indexation) and U.S. taxation in USD using historical…
Tax Guide for H-1B Returnees: U.S. and India Tax Implications
Returning H-1B professionals must manage U.S. and Indian tax rules: watch 182-day residency in India, potential U.S. dual-status filings, FEIE/FTC…
U.S.–India Tax Residency Cheat Sheet: Rules, Dual Residency and Tie-Breakers
India’s 2025 rules narrow deemed residency and exempt some NRIs from the 60‑day test while the U.S. Substantial Presence Test…
PFIC Rules for Indian Mutual Funds in the U.S.: Form 8621 Essentials
Most India‑domiciled mutual funds and pooled products are PFICs for U.S. taxpayers, causing punitive tax treatment and annual Form 8621…