| Author | Message | ||
Jeffa Comedian Username: Jeffa Post Number: 1824 Registered: 10-2012 Posted From: 216.113.160.70 Rating: N/A |
The best option would be to file it ASAP. Its very simple. Online. Download the editable PDF, fill in all the info(I would suggest to make a duplicate and keep it for you before FINALIZING it, very useful), finalize it, upload it. You will immediately get an acknowledgement in email(some times it take a day). Now coming to the above duplicate copy. Each year, I will use that duplicate as a TEMPLATE. Make a duplicate of this template. Update what ever the info changed in it(mostly few numbers each year), upload it for that year submission. Its a matter of 10 min each year. TaDa!! | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 10794 Registered: 06-2013 Posted From: 165.225.34.171 Rating: N/A |
These are reported to uncle sam. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 10793 Registered: 06-2013 Posted From: 165.225.34.171 Rating: N/A |
NRE/NRO accounts lo unna balance ki banks interest istayi kada... Daniki 1099-Int form istayi... Even US stocks ki kooda dividends to patu, cash balance unte, interest istaru kada... _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Hadoop Hero Username: Hadoop Post Number: 10847 Registered: 12-2014 Posted From: 183.83.165.161 Rating: N/A |
idi epudu chestam bro...nenu epudu cheyaledu ...shed some light on it. | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 10792 Registered: 06-2013 Posted From: 165.225.34.171 Rating: N/A |
Idi correct.
I haven't seen any additional impact so far. Elago 1099-Int file chestam kada... Idi only disclose cheyyataniki. No tax implications. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Hadoop Hero Username: Hadoop Post Number: 10846 Registered: 12-2014 Posted From: 183.83.165.161 Rating: N/A |
so its combined value naa or nre/nro..etc or single account > 10k unte report aa? also also any tax implications if we file this? | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 10790 Registered: 06-2013 Posted From: 165.225.34.171 Rating: N/A |
And they issue this value around the 3rd week of Jan every year. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 10789 Registered: 06-2013 Posted From: 165.225.34.171 Rating: N/A |
Correct.
They issue a specific average value every year. https://www.irs.gov/individuals/international-taxpayers/year ly-average-currency-exchange-rates It is 67.809 for 2017. So, Balance on any given day>=6,78,090 unte file cheyyali. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
True_indian Hero Username: True_indian Post Number: 15221 Registered: 01-2008 Posted From: 167.230.96.7 Rating: N/A |
general rule to convert USD on any given day if the total value is more than 7 lacs, file it its combo of all accounts .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 10788 Registered: 06-2013 Posted From: 165.225.34.171 Rating: N/A |
NRE/O accounts report cheste saripotundi. Individual accounts (FDs lanti vatiki 1099 issue cheyyaru kada.. They are not likely to cause an issue. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Hadoop Hero Username: Hadoop Post Number: 10845 Registered: 12-2014 Posted From: 183.83.165.161 Rating: N/A |
this include RD/fd accounts as well? or just saving/checking accounts? inr lo unte 10k usd ela covert chestadu? based on inr vs usd conversation rate for that day naa? | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 10787 Registered: 06-2013 Posted From: 165.225.34.171 Rating: N/A |
Yes. I has always been the rule. (at least for the last 10 years). _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Moviebuff001 Hero Username: Moviebuff001 Post Number: 10786 Registered: 06-2013 Posted From: 165.225.34.171 Rating: N/A |
If you didn't have to pay any extra taxes, amendment ani pampincheyyi. AFAIK, there isn't any impact even if it is delayed.. _________________________________________________ Your words will tell others what you think. Your actions will tell others what you believe in. | ||
Gotcha Legend Username: Gotcha Post Number: 31986 Registered: 02-2008 Posted From: 107.77.85.33 Rating: N/A |
ledu they merged the dates recently ... | ||
True_indian Hero Username: True_indian Post Number: 15217 Registered: 01-2008 Posted From: 167.230.96.7 Rating: N/A |
if the balance exceeds 10k even for one day you need to file, not cumulative file and you will get exempt .those who are serious about their watches display them prominently, those who are more concerned with style and branding present you with aircraft carriers and hide their watches. | ||
Hadoop Hero Username: Hadoop Post Number: 10844 Registered: 12-2014 Posted From: 183.83.165.161 Rating: N/A |
one more doubt 10k usd anedi cumulative aa? or only we need to file if balance exceeds > 10k? | ||
Hadoop Hero Username: Hadoop Post Number: 10843 Registered: 12-2014 Posted From: 183.83.165.161 Rating: N/A |
yechone bee ye annai.... online lo oct 15th deadline ani undi...chesesta ayite... | ||
Emc2 Legend Username: Emc2 Post Number: 71455 Registered: 03-2008 Posted From: 71.127.33.124 Rating: N/A |
 june or july lo untadi, this filing is nothing to do with tax filings It's ok | ||
Gotcha Legend Username: Gotcha Post Number: 31985 Registered: 02-2008 Posted From: 107.77.85.33 Rating: N/A |
Late ayina cheyochu emavadu cheseyi ... | ||
Andhrawala Legend Username: Andhrawala Post Number: 71313 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Hadoop bhaai, Are u USC or Yech1Bee?? USC aithee u are taxed for WW income. ainaa 2017 ki fiel chesi paddey. padi vuntaadhi No Signature | ||
Jp_rocks Hero Username: Jp_rocks Post Number: 18361 Registered: 06-2009 Posted From: 24.1.170.94 Rating: N/A |
auto endi bro, u need to submit an extension request before the deadline in april | ||
Hadoop Hero Username: Hadoop Post Number: 10842 Registered: 12-2014 Posted From: 183.83.165.161 Rating: N/A |
i missed to file on april, so do i get auto extension oct 15? recent gaa evaranna file chesina vallu unte link and info share cheyandi  | ||
Gotcha Legend Username: Gotcha Post Number: 31983 Registered: 02-2008 Posted From: 172.87.48.134 Rating: N/A |
on your tax day kada. ... | ||
Hadoop Hero Username: Hadoop Post Number: 10841 Registered: 12-2014 Posted From: 183.83.165.161 Rating: N/A |
is it necessary to file fbar for 2017/2018 even after going india? what deadline to file this if any? |