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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…
Green Card Holders with Indian Rentals: Key U.S. and India Tax Traps to Avoid
U.S. Green Card holders must report Indian rental income on Form 1040 and claim Foreign Tax Credit on Form 1116…
Understanding U.S. Expatriation Tax for Green Card Surrender in India
Renouncing U.S. residence can trigger the Expatriation Tax if you meet Covered Expatriate tests: $2 million net worth, five-year average…
Child Tax Credit for Non-U.S. Families: H-1B and F-1 Rules
The Child Tax Credit requires a child to have an SSN, live in the U.S. over six months, be under…