AlaElaAlaEla Posted January 31, 2019 Report Posted January 31, 2019 34 minutes ago, CuteDesiGal said: Ok preg bills claim cheyalema? Aa 1600 ni inka ela thaggichachu any idea invest in IRA. Income limits unnay daniki. iddaru 401k max out chesara? If both are covered by employer sponsored retirement plan like 401k, then you are not eligible to invest in IRA. Quote
krrish Posted January 31, 2019 Report Posted January 31, 2019 3 minutes ago, Spartan said: tax filing ki FBAR ki sambandham ledu anna kada... u can file FBAR on ur own here... https://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html By the way, I did not mention anything about the foreign account assets in my tax files (1040)....I leaved these fields blank...if I file FBAR now, will it become an issue? Sorry for bothering you! Quote
AlaElaAlaEla Posted January 31, 2019 Report Posted January 31, 2019 3 minutes ago, Spartan said: tax filing ki FBAR ki sambandham ledu anna kada... u can file FBAR on ur own here... https://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html ee FBAR gola enti man...saana mandi citizen vuncles not filing FBAR Quote
Spartan Posted January 31, 2019 Author Report Posted January 31, 2019 1 minute ago, krrish said: By the way, I did not mention anything about the foreign account assets in my tax files (1040)....I leaved these fields blank...if I file FBAR now, will it become an issue? Sorry for bothering you! 1040 lo foreign accounts enduku mention chestav..unless u have income and u didnt file tax for that in that foreign land... file fbar..nothing will happen Quote
Spartan Posted January 31, 2019 Author Report Posted January 31, 2019 1 minute ago, AlaElaAlaEla said: ee FBAR gola enti man...saana mandi citizen vuncles not filing FBAR dorakananta varaku good ya.. foreign account lo 10K or more unte..u need to report that details.. even insurance policy comes under that... ne peru meeda or..nuvvu beneficiary ga unna accounts report cheyali.. Quote
krrish Posted January 31, 2019 Report Posted January 31, 2019 3 minutes ago, Spartan said: dorakananta varaku good ya.. foreign account lo 10K or more unte..u need to report that details.. even insurance policy comes under that... ne peru meeda or..nuvvu beneficiary ga unna accounts report cheyali.. LIC policies kuda mention cheyyalsindena bhayya? Quote
krrish Posted January 31, 2019 Report Posted January 31, 2019 4 minutes ago, Spartan said: 1040 lo foreign accounts enduku mention chestav..unless u have income and u didnt file tax for that in that foreign land... file fbar..nothing will happen Thanks a lot....I just realized that FBARs will be submitted after April 15. Is that correct? Quote
karna11 Posted January 31, 2019 Report Posted January 31, 2019 1 hour ago, Kalam_Youtheman said: do with HR block and turbotax vayyaa... oooru naa kodukulu laaaaga tax consultant tho cheyyinchaadam endhii... simple process... hr block vadu entha charge chesthaduu? Quote
alpachinao Posted January 31, 2019 Report Posted January 31, 2019 1 minute ago, karna11 said: hr block vadu entha charge chesthaduu? Free free Quote
Spartan Posted January 31, 2019 Author Report Posted January 31, 2019 24 minutes ago, krrish said: Thanks a lot....I just realized that FBARs will be submitted after April 15. Is that correct? deadline is apr15th Quote
Spartan Posted January 31, 2019 Author Report Posted January 31, 2019 25 minutes ago, krrish said: LIC policies kuda mention cheyyalsindena bhayya? yes if it is more than 10K$ (total premium u paid) Quote
k2s Posted January 31, 2019 Report Posted January 31, 2019 3 hours ago, Spartan said: India lo mortgage kadtunte..only Interest meeda tax credit claim cheyagalavu...but unless u r paying a interest more than 12K$ it is worthless now..std deduction lo ekkuva dabbul vastai... over to @k2s FBAR is to report things where u hold more than 10K$ on any given day of the year. Nuvvu loan kosam pettukunna u need to report that holding. $12k kantey ekkuva interest kattanapudu why bother ? $12k interest in India INR antey min 5.5cr property ki loan kaduthu undali... Quote
Kalam_Youtheman Posted February 1, 2019 Report Posted February 1, 2019 3 hours ago, karna11 said: hr block vadu entha charge chesthaduu? https://www.hrblock.com/online-tax-filing/ Quote
krrish Posted March 31, 2019 Report Posted March 31, 2019 On 1/31/2019 at 4:58 PM, Spartan said: yes if it is more than 10K$ (total premium u paid) bhayya, bank account lo amount more than 10K. But LIC policy only around 7K. Do I still need to report LIC policies in FBAR along with the bank accounts? Quote
Spartan Posted March 31, 2019 Author Report Posted March 31, 2019 2 hours ago, krrish said: bhayya, bank account lo amount more than 10K. But LIC policy only around 7K. Do I still need to report LIC policies in FBAR along with the bank accounts? report bank account.. next year LIC elago 10k datutadi appudu adi kuda report cheyi Quote
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