Foreign income

[tacobell fan]

meeru nijam ga bharath  bank kaata lo unna dabbulu gurinchi every year report chestara filing taxes. 

[WigsandThighs]

No way 

[tacobell fan]

Just now, WigsandThighs said:

No way 

more than padi lakshalu year montham lo unte report cheyyali ani sataistunnaru 

[WigsandThighs]

1 minute ago, tacobell fan said:

more than padi lakshalu year montham lo unte report cheyyali ani sataistunnaru 

Vallu vandha chebutharu bro..manam anni chesthama endhi? Lite theesko..and evadaina desi uncle gadu cheyyali ani bhayapettisthe 10gey ra ani cheppu..

[msp_gsp]

19 minutes ago, tacobell fan said:

more than padi lakshalu year montham lo unte report cheyyali ani sataistunnaru 

There are two parts 

1) IRS

2)FINCEN (FBAR)

for #1, you need to report all earned foreign income like interest received on your NRO/NRE/Savings/Current account, rental property, short term and long term stock selling. You can claim Foreign tax as credit. For rental income, please file schedule E and you can claim property depreciation. 

for #2, if your balance is more than 10000 usd dollars any time in the tax year, you have to file fbar

Please dont play with US tax laws. They are very strict. 

[tacobell fan]

Just now, msp_gsp said:

Please dont play with US tax laws. They are very strict. 

idi warning or sarcasm ? 

[TensionNahiLeneka]

28 minutes ago, tacobell fan said:

meeru nijam ga bharath  bank kaata lo unna dabbulu gurinchi every year report chestara filing taxes. 

me YES from last 3 years. 

[tacobell fan]

Just now, TensionNahiLeneka said:

me YES from last 3 years. 

ela chupistav? India lo kuda tax lu file chesava?

[TensionNahiLeneka]

Just now, tacobell fan said:

ela chupistav? India lo kuda tax lu file chesava?

le, ikkada tax file chesetappudu tax ayana enter chestadu. then nenu FBAR chesta

[LadiesTailor]

16 minutes ago, msp_gsp said:

There are two parts 

1) IRS

2)FINCEN (FBAR)

for #1, you need to report all earned foreign income like interest received on your NRO/NRE/Savings/Current account, rental property, short term and long term stock selling. You can claim Foreign tax as credit. For rental income, please file schedule E and you can claim property depreciation. 

for #2, if your balance is more than 10000 usd dollars any time in the tax year, you have to file fbar

Please dont play with US tax laws. They are very strict. 

true... i been doing this since last two years...better do it... it all takes one small mistake to shatter your american dreams... dont play with the fire...

[MuPaGuNa]

yes....

[tacobell fan]

25 minutes ago, LadiesTailor said:

true... i been doing this since last two years...better do it... it all takes one small mistake to shatter your american dreams... don't play with the fire...

Naku antha dabbulu levu man to not to report just curiosity kosam adiga oka vela bank lo unte chupinchala nijam ga ani

[idibezwada]

1 minute ago, tacobell fan said:

Naku antha dabbulu levu man to not to report just curiosity kosam adiga oka vela bank lo unte chupinchala nijam ga ani

anytime 10k dollars kanna above unte chupinchalu...neeku elago avi kaakeeka lekka kabatti chupinchali

[tacobell fan]

27 minutes ago, LadiesTailor said:

true... i been doing this since last two years...better do it... it all takes one small mistake to shatter your american dreams... dont play with the fire...

intha siutation rakunda mana hawala batch unnaru @JollyBoy and troop vallu kanapadakunda antha kanistunnaru

[Idassamed]

1 minute ago, tacobell fan said:

Naku antha dabbulu levu man to not to report just curiosity kosam adiga oka vela bank lo unte chupinchala nijam ga ani

FBAR file karo anthe