Guides on U.S Tax Filing

IRS Foreign Tax Credit for Individuals

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.

Form 8938 vs FBAR – Understanding the Difference

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.

Foreign Earned Income Exclusion (FEIE)

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.

Why Should I File Form 8938?

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.

Tax Provisions for NRIs under section 115H

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.

Foreign Account Tax Compliance Act [FATCA]

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.

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