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

If you are unable to file your return, you can request an additional extension to October 15 by filing Form 4868.

By filing an extension, you will have 6 more mths to file return. You don't have to explain the reason for extension.

If you’re a NRI in the US, you would know by now the laws pertaining to reporting global income in your US tax returns.

The form is triggered if you are a US taxpayer with shareholding or interest in a foreign corporation exceeding certain prescribed limits.

If you missed filing this form earlier, and there is no under-reported income, the good news is that you can come into compliance quite eas...

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

After a long debate, the US Congress finally agreed on key tax changes through the American Taxpayer Relief Act of 2012.

As tax year 2012 draws to a close, it's time for US taxpayers to make the most of current provisions and also prepare for the tax filing se...

A new tax on gifts was introduced according to which, tax would be levied, in the hands of the receiver.

Any gifts in excess of Rs 50,000 received by an individual, including NRIs, will be taxed in the hands of the receiver.

India does not tax inheritances at the time when such inheritance is received. Tax is levied only on the income generated by the receiver.

If a taxpayer owns more than one house, one of them will be deemed as self-occupied and the other one will be deemed to be given on rent.

If you thought you were done with this year's reporting when you filed tax returns, you probably forgot about the FBAR.

If you are an Indian American, Uncle Sam is going to want a share. That’s because the US tax code collects tax on the global income of its ...

We take a look at the implications of foreign income on US citizens and green card holders living outside the US - specifically in India.