US Tax Implications & Reporting two countries, one coordinated tax return.
US tax advisory and reporting for green card holders, US citizens, and NRIs with US ties — FBAR, FATCA, Form 8938, PFIC analysis, and Indian return coordination with US tax preparers.
The United States taxes its citizens and green card holders on global income, irrespective of where they live. For Indians with US connections — green card, work in the US, US-listed shares, US bank accounts, or US-resident family — this creates an unusually heavy reporting load that goes well beyond the IRS Form 1040.
FBAR filing for foreign bank accounts, Form 8938 for foreign financial assets, PFIC reporting for Indian mutual funds, and disclosure of Indian retirement accounts can each carry steep penalties for non-compliance. India-side, the same individual may need to file an ITR with Schedule FA, Form 67 for foreign tax credit, and DTAA elections.
We coordinate the India side of the US-India tax cycle — Indian ITR, Schedule FA, FTC under the DTAA, and information packs ready for US tax preparers. For green card holders returning to India and US citizens settling here, we help build a multi-year tax position that holds up on both sides.
Our US Tax Implications & Reporting Services
Indian ITR for US Persons
Indian return filing for green card holders and US citizens resident in India.
Schedule FA Filing
Detailed reporting of foreign assets in the Indian ITR.
FBAR Information Pack
Schedule of foreign accounts ready for the US FinCEN 114 filing.
Form 8938 Pack
Schedule of foreign financial assets for the US Form 8938 filing.
PFIC Analysis
PFIC review on Indian mutual fund and equity holdings.
US-India DTAA
Treaty positions on salary, pension, capital gains, and retirement accounts.
Foreign Tax Credit
FTC computation across India and US in both directions.
Coordination with US CPAs
Single point of contact between Indian CA and US tax preparer.
Our Approach
Profile Mapping
US status (citizen / green card / NRI in US), India role, and asset map.
Asset Schedule
All Indian and US financial assets listed for reporting in both countries.
Tax Computation
Indian tax computed; coordination with US CPA for matching positions.
Filing & Disclosure
Indian ITR with Schedule FA filed; data shared with US team.
Annual Review
Year-on-year review of US-India position and notices on either side.
Why It Matters
Frequently Asked Questions
A US citizen, green card holder, or someone meeting the substantial presence test.
A US filing reporting foreign financial accounts exceeding USD 10,000 in aggregate.
A US tax form for reporting specified foreign financial assets above threshold limits.
Yes, most Indian mutual funds are treated as PFICs for US tax purposes.
Yes, under the India-US DTAA via Form 67 in the Indian return.
US Tax Ties + Indian Income?
Get the India side of your US-India tax return done right — Schedule FA, DTAA, FTC, and coordinated reporting with your US CPA.
Coordinate My US-India Tax or call +91 9819 000 511