Guides on U.S Tax Filing
If you are an American citizen living abroad and want to report your Income on your U.S. expat taxes you will need to file Form 1040. H&R Block India can help you understand Form 1040.
The tax filing rules, exemptions and deadlines for US expat tax filing differ.. Read this guide to know the requirements for expat tax filing.
The tax saved while saving your 401(k) funds attract tax at the time of withdrawal. Read this guide by to know about withdrawal of 401(k) or Traditional IRA.
Sound financial planning is saving for your retirement so that you can continue to enjoy the same lifestyle. However, sometimes we need to withdraw the funds from our 401k or IRA due to life circumstances. Read this guide by H&R Block to know the consequences of early encashment of 401k or traditional IRA.
Gifting your family comes with tax benefits. There are annual and lifetime exemption limits that can be availed so that the gifts given are not liable to tax. Read this guide by H&R Block India to know more about the applicability of U.S. gift tax laws.
To escape the burden of complying to tax laws of two countries, many US citizens and green holders residing in foreign countries, renounce their citizenship and surrender their green cards. However, this is a complicated process, which requires careful planning, which will be discussed in this guide.
Every year changes are made to tax laws and introduced to the public. Recently changes were announced to the US tax bill of 2018, previously known as the Tax Cuts and Jobs Act. Read this guide by H&R Block India to know more about the changes.
Foreign Tax Credit is a provision made available to ensure there is no double taxation. US expats and American Indians who are liable to pay US taxes on their foreign earned income can avail this provision. Read this guide by H&R Block India for further explanation.
For U.S. taxpayers having assets and bank accounts in foreign countries, form 8938 and FBAR need to be filed with his/her annual tax return. Read this guide by H&R Block India to know about the key differences between these two forms.