India U S, Fatca Sign Cheyakapote...jan2015 Nunchi 30% Extra Taxes

[Spartan]

e rule only US vallake applicable or UK vallaki kdua na

 

its a US pact man.. 

[mukunda1]

yes with tax returns only..but differrent deadlines untai.. June 30th i guess.. 

 

nuvvu chesthunnava ee year return lo.

 

deeni valla ippudu indians andari properties india lo unnavi kuda IRS lens loki vosthayi...naaku telisi inka evadu credit card or loans US lo kuda egaragottaledu future lo.

[Spartan]

nuvvu chesthunnava ee year return lo.

 

deeni valla ippudu indians andari properties india lo unnavi kuda IRS lens loki vosthayi...naaku telisi inka evadu credit card or loans US lo kuda egaragottaledu future lo.

 

yes dani gurinche e details secure chestunnar...

 

yeah nenu file cheyali..enduaknte at given point of time 10,000$ kanna ekkuva unte..mandatory to file it...

 

this year i had one.....on my account..so need to file...

[nambiyar]

not tax returns only..but differrent deadlines untai.. June 30th i guess.. 

 

The FBAR is not filed with a federal tax return. When the IRS grants a filing extension for a taxpayer’s income tax return, it does not extend the time to file an FBAR. There is no provision for requesting an extension of time to file an FBAR.

Those required to file an FBAR who fail to properly file a complete and correct FBAR may be subject to a civil penalty not to exceed $10,000 per violation for nonwillful violations that are not due to reasonable cause. For willful violations, the penalty may be the greater of $100,000 or 50 percent of the balance in the account at the time of the violation, for each violation. For guidance on circumstances including natural disasters that prevent timely filing of an FBAR, see FIN-2013-G002 (June 24, 2013).

nenu america lo chaduvkune rojullo student ga undappudu fellowship dabuulu india pamina vishyam FBAR lo pettaledu ... neither in federal nor in state... ippudu nenu $100k fine kattala????

[nambiyar]

yes dani gurinche e details secure chestunnar...

 

yeah nenu file cheyali..enduaknte at given point of time 10,000$ kanna ekkuva unte..mandatory to file it...

 

this year i had one.....on my account..so need to file...

parents accounts ki pampincheyachu kada man

[Spartan]

nenu america lo chaduvkune rojullo student ga undappudu fellowship dabuulu india pamina vishyam FBAR lo pettaledu ... neither in federal nor in state... ippudu nenu $100k fine kattala????

 

i donno man...ne  peru meeda at givenpoint of time 10k$ kanna ekkuva balance maintain chesi unte (outside US) u need to file..

 

or else lite... 

[mukunda1]

yes dani gurinche e details secure chestunnar...

 

yeah nenu file cheyali..enduaknte at given point of time 10,000$ kanna ekkuva unte..mandatory to file it...

 

this year i had one.....on my account..so need to file...

 

hmm...pedda fitting pettadu us vaadu ippudu andariki....

[Spartan]

parents accounts ki pampincheyachu kada man

 

Home loan...na peru mede cut aitad kada...

 

from now on wards parents peru meede pampistunna..done with home loan..

[Spartan]

hmm...pedda fitting pettadu us vaadu ippudu andariki....

 

kind of good and bad both for both nations....

[nambiyar]

i donno man...ne  peru meeda at givenpoint of time 10k$ kanna ekkuva balance maintain chesi unte (outside US) u need to file..

 

or else lite... 

i had more than 5 laksh at that point in my indian bank account ... now I'm no more in US and no plans to go there again.... so marchipovacha.. .lekapothe vati anntiki ippudu pani kattukoni FBAR file cheyyala

[nambiyar]

CHITTINAIDU ki manam andaru entha runapadi unnamo....... consultation fee tesukokunda mana andariki inni doubts clarify chestunnadu... 

[Spartan]

i had more than 5 laksh at that point in my indian bank account ... now I'm no more in US and no plans to go there again.... so marchipovacha.. .lekapothe vati anntiki ippudu pani kattukoni FBAR file cheyyala

 

lite tesko.. a US person as per FATCA definition is..

 

 

 

U.S. citizenship or lawful permanent resident (green card) status;

 

A U.S. birthplace;

 

A U.S. residence address or a U.S. correspondence address (including a U.S. P.O. box);

 

Standing instructions to transfer funds to an account maintained in the United States, or

directions regularly received from a U.S. address;

 

An “in care of” address or a “hold mail” address that is the sole address with respect to the

client; A power of attorney or signatory authority granted to a person with a U.S. address

[nambiyar]

aithe okay.... thanku thanq

 

lite tesko.. a US person as per FATCA definition is..

 

 

 

U.S. citizenship or lawful permanent resident (green card) status;

 

A U.S. birthplace;

 

A U.S. residence address or a U.S. correspondence address (including a U.S. P.O. box);

 

Standing instructions to transfer funds to an account maintained in the United States, or

directions regularly received from a U.S. address;

 

An “in care of” address or a “hold mail” address that is the sole address with respect to the

client; A power of attorney or signatory authority granted to a person with a U.S. address

 

 

[ravana]

30 percent taxes ante... give ur figures with example man...

 

if we transfer 3000 dollars... 300 dollars taxes lo kattala 

900 dollars 30% ayithe

[nambiyar]

900 dollars 30% ayithe

u naughty... ramanujan of modren world