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FBAR / TAX filing doubt


astalavistaa

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8 hours ago, GunturMirchiBajji said:

At any point of time in last year (2016) if you have more than $10k in your foreign account, you should file FBAR. you should also show the interest on your foreign account while filing you tax returns.

NRO account lo vache interest meeda already 30% TDS india lone cut ayipotadi so don't pay again in USA. But NRE account meeda vache interest in case if u r getting lot of interest then usa lo tax pay cheyali interest meeda. 

Asalu india bank lo 1099-INT le ivvavu inka estimate interest account statements lo chusi eyyadame. Ayina ee madya ee fbar godava ekkuvayindi cpa gallu extra money lagadaniki idi cheppi bhayapetti h1 valla daggari nundi kooda lagutunnaru. GC USC vallu bhayapadali deeni gurinchi

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If you are maintaining anything above 10k in overseas banks( india) you need to file for FBAR. Dhaniki entha interest ochindi ani em ledu.

i have sent over 10k but to parents account for their monetary needs do i still need to file FBAR?

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2 hours ago, MeraBharat_Mahan said:

If you are maintaining anything above 10k in overseas banks( india) you need to file for FBAR. Dhaniki entha interest ochindi ani em ledu.

i have sent over 10k but to parents account for their monetary needs do i still need to file FBAR?

mi parents accounts ki ayithe not needed..if you have anything over 10k at any time in overseas banks accounts on your name fbar file cheyali

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On 4/14/2017 at 1:50 PM, astalavistaa said:

Can we do it on our own?

around 2k interest padindi naa savings account lo. so fbar file cheste adi kuda tax return lo chupinchaala. 

credit karma lo  Payer federal ID number  mandatory antondi. mana Indian banks ki adi undadu kada. 

experts pls suggest.

 

 

nenu cpa through chesa, we left it blank. 

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