graham Posted January 19, 2015 Report Posted January 19, 2015 confustion entante do you need to pay taxes on the interest earned on NRE account to IRS while filing FBAR? interest earned meeda US lo taxes kattali kani tax returns file chese tappudu not during FBAR. FBAR just reporting anthe no need to pay anything while submitting FBAR.
graham Posted January 19, 2015 Report Posted January 19, 2015 Chittinaidu bhayya. Ippudu edi best way india ki dabbulu pampivvalante n save kosam. Amma nanna accnt ki send chesthe e problm undada. Veellu pichi na kodkulu unnaru kada amma nanna accnt ki pampistarani teliyada. Ala chese vallakemo undadu ila direct ga mana peru pi unna acnt ki send chestenemo ilana. India lo parents account ki pampichachu but parents adi valla tax returns lo chupinchali anukunta...in India most people ignore it but tax returns file cheste better parents...phalana income son ninchi gift ga vachindi ani cheptu... nenaithe na account ke pampinchukunta, interest earned meeda US lo tax kadatha,FBAR report chesta sincere ga.
phatposts Posted January 19, 2015 Report Posted January 19, 2015 India lo parents account ki pampichachu but parents adi valla tax returns lo chupinchali anukunta...in India most people ignore it but tax returns file cheste better parents...phalana income son ninchi gift ga vachindi ani cheptu... nenaithe na account ke pampinchukunta, interest earned meeda US lo tax kadatha,FBAR report chesta sincere ga. So, you report the interest earned only on NRO account, right? Or do you report the interest on NRE as well? US lo tax kadatha annav kada - Manam file chese tappudu, additional sources of income lo idi choopistava or do you have to file separately?
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