Guides on U.S Tax Filing
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.
For US citizens and green holders living and working abroad, different tax laws are applicable, which must be followed to avoid penalties. Read this guide on FEIE to know about the deductions available under this provision.
For US residents or citizens who hold financial assets abroad, they must ensure it is reported along with their annual US tax return. Read this guide on the filing of form 8938 by H&R Block India.
Non-Resident Indian (NRI) earns income in India will be taxable where the tax rates are different from that of regular residents. Read this guide by H&R Block to learn more about the provisions under section 115H.
Many Indian Americans are unaware of the need to report their foreign bank account details with the filing of the US income tax. Read this guide to know more about filing FBAR.
Learn what is foreign tax credit and how to claim it using form 67. This guide by H&R Block also discusses about the preparation of Form 67 and when to file it.
If you are a U.S. person maintaining a foreign bank account, you may receive a FATCA notice from the IRS. Find out the reasons contributing to FATCA notice, the implications of the notice and how you can respond to such notice by reading this guide by H&R Block.
Want to know when are taxes due in 2018 as per the IRS, then click on this guide by H&R Block India to get more details about the tax filing dates for U.S Expats after getting extensions.