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FBAR


Telugu_ammayi

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13 minutes ago, Merabharathmahan said:

Idi us citizens kosam pettaru then permanent residents kosam. Us citizens ki vere countries lo business lu undi vallu money akkade vere country banks lo pedutaru so aa money meeda usa lo tax collect cheyadaniki fbar lo report cheyamani pettaru and also stop anti social elements funding in other countries. fbar lo report chesthe inka aa dabbu ni tax filing lo kooda choopetti daniki 30% tax kattali. Also NRE accounts ki dabbulu send cheskoni more than $10k unna report cheyali indulo and fd interest meeda 30% tax kattali usa lo  

USC or GC kakunte nenithe lite theesukunta. 

We are always permanent residents for tax purpose. If you stay more than 180 days then you are resident for tax purpose

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41 minutes ago, megadheera said:

We are always permanent residents for tax purpose. If you stay more than 180 days then you are resident for tax purpose

for tax pupose we are permenant resident always ..... but for all others Alien, you are not eligible, stand in seperate line, hate crimes, H1 jobs dobbesthunaaru etc *&Y&braces_1

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1 hour ago, ronitreddy said:

I just got the below email from Remitly 

Hello,

Did you send $10,000 or more to a foreign bank account or financial institution in 2016? If so, you may be required by the U.S. Internal Revenue Service (IRS) to file a Foreign Bank and Financial Accounts (FBAR) form. Please note, there is a new deadline to submit your FBAR this year, it is due April 15, 2017.

Not sure if you have sent over $10,000 to India? Remitly makes it easy to your transactions to India last year through the Transfer History feature.

For more information about filing your FBAR and to review your transfer history click the button below to visit our site now.

Thank you,
- Your Remitly team

I too got the same mail today...fbar cheyala ippudu??

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1 hour ago, kranthi111983 said:

India accounts nee peru meedha unte file cheyyali. Parents peru meedha unte not needed.

100% correct. Manollu okati chusi inkokati antaru like india media. 

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3 hours ago, Telugu_ammayi said:

What is FBAR and who needs to file it .did any one filed it , 

in one financial year, If you own a foreign bank account and have remitted more than $10,000 in a calendar year, then you have to file FBAR. And also need to declare any interest earned on such accounts. 

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2 hours ago, ronitreddy said:

I just got the below email from Remitly 

Hello,

Did you send $10,000 or more to a foreign bank account or financial institution in 2016? If so, you may be required by the U.S. Internal Revenue Service (IRS) to file a Foreign Bank and Financial Accounts (FBAR) form. Please note, there is a new deadline to submit your FBAR this year, it is due April 15, 2017.

Not sure if you have sent over $10,000 to India? Remitly makes it easy to your transactions to India last year through the Transfer History feature.

For more information about filing your FBAR and to review your transfer history click the button below to visit our site now.

Thank you,
- Your Remitly team

Picha lite @ronitreddy ... evvadu submit cheyyadu.. until and unless if its in 100 thousands..

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