FBAR collects info about your foreign bank, accounts and you must file it if the balance in these accounts exceeded $10k.

The impact for Indian Americans is profound given the GAO's specific reference to the situation of immigrants.

If you are an Indian American with investments in Indian mutual funds, the PFIC reporting is something you just cannot afford to miss.

Two developments have again shifted the spotlight on this issue. We try and understand the impact on Indian Americans.

The penalty refunds are based on certain conditions which set the tone for IRS' policy on this matter. Let us look at what these conditions...

Of course, declaring foreign assets is not an easy task. But experts do believe that there are several steps that a taxpayer can take.

The offshore voluntary disclosure program (OVDP) offers a lower rate of penalty for defaulters who come forward and make voluntary disclosu...