FBAR on F1 Visa

[Sixers]

Bhayya F1 OPT mida unnavallu FBAR report cheyala..more than 10000 Indian bank account lo unte.

[Dollas_Asstin]

course ku 40 lakhs INR karchu petti, ulta cooli pani chesi, sampadinchina 8-10 lakhs per annum ku lekka cheppalaa,

course ayyaka india ku dobbeyala, naya trend, erripushpam gallu

[usetime63]

2 hours ago, Sixers said:

Bhayya F1 OPT mida unnavallu FBAR report cheyala..more than 10000 Indian bank account lo unte.

Yes, take care on priority. 

[godfather03]

2 hours ago, Sixers said:

Bhayya F1 OPT mida unnavallu FBAR report cheyala..more than 10000 Indian bank account lo unte.

Did you send more than $10K to India last year?

[Sixers]

10 minutes ago, godfather03 said:

Did you send more than $10K to India last year?

India lo undi money. Emi pampinchaledu.

[Spartan]

yes

[Sucker]

2 hours ago, Sixers said:

Bhayya F1 OPT mida unnavallu FBAR report cheyala..more than 10000 Indian bank account lo unte.

Nuv cheppe varaki idhoti cheyyali ani kuda idea ledu anna. Ori nee 

[godfather03]

47 minutes ago, Sixers said:

India lo undi money. Emi pampinchaledu.

 

45 minutes ago, Spartan said:

yes

Dabbulu pampinchaledu ante...why does he need to file @Spartan

[Sixers]

1 hour ago, Sucker said:

Nuv cheppe varaki idhoti cheyyali ani kuda idea ledu anna. Ori nee 

Fine vesthadu anta anna. US citizen ayina sare overseas bank account lo 10000$ unte report cheyalanta.

[Sucker]

16 minutes ago, Sixers said:

Fine vesthadu anta anna. US citizen ayina sare overseas bank account lo 10000$ unte report cheyalanta.

$10K na 10K RS na anna ??

[Sixers]

4 minutes ago, Sucker said:

$10K na 10K RS na anna ??

$10K

[vithanda_vadhi]

3 hours ago, Sixers said:

$10K

Meeru F1 meeda 5 years vunnara?

In US two different tax status vunnayi Visa meeda vunde valaki. Resident Alien, Non Resident Alien

F1 - Non Resident Alien up to 5 years.

FBAR is not required for Non Resident Alien

Source : 

https://www.irs.gov/individuals/international-taxpayers/foreign-student-liability-for-social-security-and-medicare-taxes

https://www.irs.gov/businesses/comparison-of-form-8938-and-fbar-requirements

[chammakchandra]

7 hours ago, Sixers said:

Bhayya F1 OPT mida unnavallu FBAR report cheyala..more than 10000 Indian bank account lo unte.

Yes as long as you are us resident 

[vithanda_vadhi]

5 hours ago, godfather03 said:

Did you send more than $10K to India last year?

FBAR is not for sending Bro. Foreign account lo at any give time $10k Kanna ekkuva money vunte, we need to declare. There is no tax on it but we need to declare.

Of course, India lo vache interest and other income ki tax pay cheyyali. Adhi standard Tax filing lo part

[vithanda_vadhi]

3 minutes ago, chammakchandra said:

Yes as long as you are us resident 

Not us Resident bro. As long as you are resident alien/Citizen for tax purposes.