You May Owe The Irs $10,000

[Captain_nd_Coke]

very good post. please do it before end of June.

last year motham lo okka roju or okka ganta >10KUSD worth indian accounts lo unna kuda u must report. ventane parents account ki transfer cheyyatam is NOT a solution...coz money was in your account at least for a day...

ikkadi (US) ninchi 10K USD pampinchakapoyina, india account lo somehow more than 5,80,000 INR unte file cheyali anukunta.

IRS audit vaste chukkale...anduke kakkorthi padakunda oka tax consultant ni pettukuni questions anni answer cheyinchukuni file cheyyandi..max 50,60$ teesukuntaru.. be open with them.

Fbar file cheyatam valla emi tax katte pani ledu...just reporting anthe.

At a time 10k kanna ekkuva untena? Nenu like apudapudu 2k xfer chestunta... So cumulative ga 10k paina undochu gani eppudu in total balance 10k ledu.. So should i report too??

[MysorePak]

naku account vundhi kani always maintaining 20k INR so  do i need to report them ??? avasaram ledhu kadha 

very good post. please do it before end of June.

 

last year motham lo okka roju or okka ganta >10KUSD worth indian accounts lo unna kuda u must report. ventane parents account ki transfer cheyyatam is NOT a solution...coz money was in your account at least for a day...

 

ikkadi (US) ninchi 10K USD pampinchakapoyina, india account lo somehow more than 5,80,000 INR unte file cheyali anukunta.

 

IRS audit vaste chukkale...anduke kakkorthi padakunda oka tax consultant ni pettukuni questions anni answer cheyinchukuni file cheyyandi..max 50,60$ teesukuntaru.. be open with them.

 

Fbar file cheyatam valla emi tax katte pani ledu...just reporting anthe.

 

[graham]

At a time 10k kanna ekkuva untena? Nenu like apudapudu 2k xfer chestunta... So cumulative ga 10k paina undochu gani eppudu in total balance 10k ledu.. So should i report too??

 

2013 year motham lo ee okka roju aina total amount in your account more than 10K USD (i:e, 5,85,000 INR) undi unte u must report. okasari check cheyyi account statement lo.. what was the max balance u had in entire year ani
 

[graham]

naku account vundhi kani always maintaining 20k INR so  do i need to report them ??? avasaram ledhu kadha 

 

20K INR is fine, u don't have to. but naaku full details teleevu, so okasari check chesuko joint accounts emaina unnaya etc ani.. nenu aithe LIC policy kuda report chesesa, i wasn't sure but erred on the side of reporting, rather than not reporting.

[Captain_nd_Coke]

2013 year motham lo ee okka roju aina total amount in your account more than 10K USD (i:e, 5,85,000 INR) undi unte u must report. okasari check cheyyi account statement lo.. what was the max balance u had in entire year ani

Good info thanks mickey

[telugu_bidda]

parents act lo vuntey problem ledhu 

[Dupe]

idi GC holders ka leka temporary work permit unnalloki kudana? H1b valliki ikkada citizens ki teda untundi kada. Unless we are permanent residents, why should we report here? 

[graham]

idi GC holders ka leka temporary work permit unnalloki kudana? H1b valliki ikkada citizens ki teda untundi kada. Unless we are permanent residents, why should we report here? 

 

manaki kuda. report cheste vache nastam ledu.. tax emi kattakkarledu.. (provided u declared interest earned in India as income and paid tax on it here in US while u did ur tax returns)...  why shud we report here ane research tarvata teerigga chesukovachu, mundu 30th june lopu report cheyyandi... consequences worst ga unnai kabatti cheptunnanu..mee istam.

[pavan_613]

Follow Mickey comments file fbar ASAP

[Journey]

Good info..

 

Mana peru meda India lo account ledu kani parents account ki transfer chesthuna. I think I am good, Kada? 

[Guest Lafoot_Mod]

na peru meedha account undhi....And nenu open chesinappudu nunchi, max any day 1lakh a undhi...

 

Nenu FBAR chesthe navvuthadu emo.

[alpachinao]

what you people telling i dont understand.. india lo account vunte veddi ki enti.. that money earned before coming USA or by any business run on own country we are already paying tax on that to indian govt.

[graham]

what you people telling i dont understand.. india lo account vunte veddi ki enti.. that money earned before coming USA or by any business run on own country we are already paying tax on that to indian govt.

report cheyyali anthe. no need to pay tax. read more about FBAR. audit padithe "india lo account unte neekenti" anagalava?

[vadapav]

last yr kuda ee prob vachinattu undhi kada?

 

andaru parents ki pampalani decide chesinattu gurtu?

 

parents acnt ki pampithe direct ga ee prob undademo kadA?

[graham]

direct parents account ki pampithe (ur name should not be listed at all in their account) it's fine, no problem. joint account ki pampithe u have to file FBAR.