| Author | Message | ||
     Ruj Side Hero Username: Ruj Post Number: 3540 Registered: 03-2007 Posted From: 174.53.240.142 Rating: N/A |
inthaki em nirnayincharu?? idhi fill cheyalsindhe naa?? Congress, the worst thing ever to happen to Bharat | ||
| Vakkapodi Comedian Username: Vakkapodi Post Number: 1333 Registered: 06-2008 Posted From: 122.169.150.127 Rating: N/A |
2010 July lo Return 2 India for good. already filed my returns for 2010 menu kooda fubar file cheyyala? | ||
| Sachin Megastar Username: Sachin Post Number: 25311 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
VA ke tax ekkuva kada annai IL kante? | ||
| Trueleader Moderator Username: Trueleader Post Number: 3363 Registered: 09-2009 Rating: N/A |
neevu another state ki marithey.....akkada state tax id apply cheyali employer.....konchamu light difference ravachu....SUTA,FUTA lo.....kontha mandhi employers ki badhakamu..apply cheyataniki state tax ID ki.....kantha mandhiki kakurthi.....i mean they compare penny to penny and feel one state payroll may be $200 more than another state.... | ||
| Sachin Megastar Username: Sachin Post Number: 25310 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
naa client chicago downtown annai...adi secondary ani chesthe fake chesinatte..primary em ledu..maavaaadu VA lo untaaadu... ilaaa vere state ki run chesthe maavaaadiki vache advantage endi? | ||
| Trueleader Moderator Username: Trueleader Post Number: 3362 Registered: 09-2009 Rating: N/A |
yes, texas lo valla office vuntey.....adhi work location kinda pettukovachu Sachin employer LCA lo only chicago file chestey......repu suddenga USCIS valla audit chesaru anukoo......evala sachin job poyinadhi anukoo......his employer will defend that he will work from VA location tomorrow......otherwise sachin will be illegal from tomorrow.....until he gets another project | ||
| Trueleader Moderator Username: Trueleader Post Number: 3361 Registered: 09-2009 Rating: N/A |
YES, if your first location is VA......and second location is chicago.......he can run VA Payroll...... | ||
| Maverick Megastar Username: Maverick Post Number: 28268 Registered: 01-2008 Posted From: 204.86.204.207 Rating: N/A |
TRUE, ala aite prati okkadu primary texas,secondar client pettachuga | ||
| Sachin Megastar Username: Sachin Post Number: 25309 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
ohho..ippudu chicago 2nd working location ani pedithe VA tax run cheyochaaa? | ||
| Bunty717 Moderator Username: Bunty717 Post Number: 17654 Registered: 02-2008 Rating: N/A |
naku kuda idea ledu mama.. nenu own ga taxes file cheyanu.. naku teldu maa vaadu eti etedo.. nannu ayite ee info adagaledu like neeku ind lo accoutns/investment unnaya ani.. frnd valla attorney chepatam.. 10k amupukunna ok.. kanni adi ind acc lo more than 30days unte ikkada inform cheyali ani.. kaani ikkada disco vere gaa undi.. OT's own dialog: Pativrate kaani, gokite vastundi | ||
| Trueleader Moderator Username: Trueleader Post Number: 3357 Registered: 09-2009 Rating: N/A |
LCA lo second working location pettavachu...check your LCA again...... | ||
| Sachin Megastar Username: Sachin Post Number: 25308 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
LCA file chesaaam so no issues annaaadu...naakau antha knowledge illio... | ||
| Ruj Side Hero Username: Ruj Post Number: 3535 Registered: 03-2007 Posted From: 198.228.224.252 Rating: N/A |
buntyoo antha confoosing ga undi..alage tax returns appudu foreign accounts ante no ani ettesa.Iffudu fubar gadini fill seyyamante conflict ostundemo Congress, the worst thing ever to happen to Bharat | ||
| Maverick Megastar Username: Maverick Post Number: 28265 Registered: 01-2008 Posted From: 204.86.204.207 Rating: N/A |
sachin, change ur employer..ittanti vallani vadalakoodadu..etta kattadu tax vere state lo..nuvvu choosokleda? u shud be responsible for urself. | ||
| Sachin Megastar Username: Sachin Post Number: 25306 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
Okk...deenemma maaavaaadu konni thikka fook panul chesthadu...chicago lo pani cheseppudu VA tax run chesevaadu..maaavaaadu undedi VA lo...ippatidaaaka motham VA ke run chesthunnadu..adendi ante em kaaadu LCA chesam antaaaadu...chicago lo pani chesepudu LCA IL di chesadu...payroll emo VA.. ippudu Lca and payroll rendoo VA ne... | ||
| Idle_yzag Legend Username: Idle_yzag Post Number: 31442 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
yes RahulGandhi/JP/Chiru | ||
| Sachin Megastar Username: Sachin Post Number: 25305 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
ohhh...mari labor appudu intha amount ani mention chestharu kada annaaai...adi minimum amount anaaa? | ||
| Idle_yzag Legend Username: Idle_yzag Post Number: 31439 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
endhuku kudaradhu, kudurthundi, salaried employee aithe fixed vundalani ledhu, it can vary month to month RahulGandhi/JP/Chiru | ||
| Bunty717 Moderator Username: Bunty717 Post Number: 17653 Registered: 02-2008 Rating: N/A |
Rujju vochedu malli modaletandi..kiki OT's own dialog: Pativrate kaani, gokite vastundi | ||
| Ruj Side Hero Username: Ruj Post Number: 3534 Registered: 03-2007 Posted From: 198.228.224.252 Rating: N/A |
H1bs cheyala akkarledha? Congress, the worst thing ever to happen to Bharat | ||
| Sachin Megastar Username: Sachin Post Number: 25303 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
naaku 15k isthunnadu ani nenekada annaaanu?...maavaadu 15K varaku ivvochu antunnadu ani cheppaaa...
ante manam salary employee kinda leka kadaa uscis lekkalo?? motham run cheyatam kudiriddaaaa?
ohhhh... | ||
| Idle_yzag Legend Username: Idle_yzag Post Number: 31438 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
he says we gave money to perform his duties and he supposed to keep all bills with him for the expenses ani
70k+15k expenses = 85k baga thosthunav mothaniki, kummei
If you are at same client from years, muskoni motham run chesthe saripothundi, or else mana Link lanti setting vunte India lo pay cheymani cheppu diff amount RahulGandhi/JP/Chiru | ||
| Sachin Megastar Username: Sachin Post Number: 25302 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
avunaaaa...naa meedaki thoyataniki emuntadi annai...vaadu ivvabatte kada nenu theesukunnadi...bokkka ante em chesthaaaru? bokkalo esthara??  nenu 80-20 meeda unnaaa...so maa vaaadu year ki 70K ani run chesi migilindi expenses kinda check isthunnadu.... ippudu naaku best option endi?...prathi month diff amount tho run cheyalem kadaaa...oka month 160 hours undochu inko month 150 undochu...manam full time employee kinda lekka kadaaaa...ela chesthe baaguntadi? | ||
| Idle_yzag Legend Username: Idle_yzag Post Number: 31437 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
yes vadiki kuda koncham band paduthundi, kani neeku baga bokka, nee medhaki thosesthadu RahulGandhi/JP/Chiru | ||
| Sachin Megastar Username: Sachin Post Number: 25301 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
mari naaadi thappani thelithe vaaadiki kooda nastame kadaaaa? | ||
| Jackson Junior Artist Username: Jackson Post Number: 714 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
wife dependent visa meeda vunte avasaram ledhu anukunta..Not sure.. ... | ||
| Idle_yzag Legend Username: Idle_yzag Post Number: 31432 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
vadu tax kattadu and show as expenses paid for you to do your job RahulGandhi/JP/Chiru | ||
| Sachin Megastar Username: Sachin Post Number: 25297 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
avunaaaaa... maavaaadini ipppatiki oka 2-3 times adigaaa we are good antunnaaadu....deenivalla vaadikochina use endo i donno...bills bongu unnaaayi...kaneesam apt lease koodaa ledu pattukunte paristhithi endi? fine esthada? | ||
| Bunty717 Moderator Username: Bunty717 Post Number: 17643 Registered: 02-2008 Rating: N/A |
bachelor ki 15k worth bills edakelli vostaayi.. sachinaa IRS vallu patukune daaka nuvvu KINGU ..patukunte appudu BONGU.. ani prepare ayi.. enjoy cheyi OT's own dialog: Pativrate kaani, gokite vastundi | ||
| Maverick Megastar Username: Maverick Post Number: 28258 Registered: 01-2008 Posted From: 204.86.204.207 Rating: N/A |
>>year ki some 15K daaakaa ivvochu ani antunnaaaadu. attanti rules emi levu.if u have bills u can claim..with out bills,nothing is legal..ofcourse pattukunnapudu.. | ||
| Bunty717 Moderator Username: Bunty717 Post Number: 17642 Registered: 02-2008 Rating: N/A |
wifey peru meeda unna avasaram ledu anukuntaa kadaa.. yes ani cheppu... nenu file cheyakarledu appudu.. OT's own dialog: Pativrate kaani, gokite vastundi | ||
| Jackson Junior Artist Username: Jackson Post Number: 713 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
appudu avasaram ledhu.. only mana peru meeda vunna accounts aithene idi fill cheyyali ... | ||
| Jackson Junior Artist Username: Jackson Post Number: 712 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
appudu avasaram ledhu.. only mana peru meeda vunna accounts ke transfer cheyyali.. ... | ||
| Jackson Junior Artist Username: Jackson Post Number: 711 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
turbo tax lo meeru tax returns appudu india ki 10,000 kanna ekkuva pampnchaaru ante yes ani vunte konni details fill chesi vuntaaru.. aa details anni ee FBAR form loki avutaayi.. just daani print out teesi, mana indian PP info plus signature and date cheste chaalu.. also indian NRE/NRI account 2010 statement kuda pampinchaali... ... | ||
| Maverick Megastar Username: Maverick Post Number: 28257 Registered: 01-2008 Posted From: 204.86.204.207 Rating: N/A |
jackson, wire xfer kakunda parents account ki sbi/hdfc dwara transfer cheste file cheyyala? accounts in india are not in my name..just in the name of parents | ||
| Maverick Megastar Username: Maverick Post Number: 28256 Registered: 01-2008 Posted From: 204.86.204.207 Rating: N/A |
.>page-6 lo residents definition lo alians ni include chesaaru .. so we may need to file ekkada? they just defined who is a resident alient and who qualifies to be called us residents | ||
| Jackson Junior Artist Username: Jackson Post Number: 710 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
yes.. ... | ||
| Sachin Megastar Username: Sachin Post Number: 25296 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
year motham lo 10K naaa annnai? | ||
| Jackson Junior Artist Username: Jackson Post Number: 709 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
yes ... | ||
| Jackson Junior Artist Username: Jackson Post Number: 708 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
2009 nundi deeni meeda focus ekkuva ayyindi.. so 2009 ki mundhu meeru pampinchina amount lite teesukovachu kaani 2009 taruvaata edaithe money pampinchaaro, vaatiki ee form nimpaali ... | ||
| Eluri_kurradu Hero Username: Eluri_kurradu Post Number: 13186 Registered: 02-2008 Posted From: 173.16.22.169 Rating: N/A |
L1 lu kooda ettala? I'm not a kurradu | ||
| Jackson Junior Artist Username: Jackson Post Number: 707 Registered: 09-2007 Posted From: 171.161.160.10 Rating: N/A |
last week ne fedex chesaa.. simple one page document. file cheyyaka pothe civil and criminal Penalties vuntaayani rasaadu.. meeru last year lo 10,000 dollars plus wire transfer cheste mee NRE or other NRI accounts in India ki, then you have to file this. ... | ||
| Rediff Junior Artist Username: Rediff Post Number: 12 Registered: 12-2006 Posted From: 198.246.249.35 Rating: N/A |
http://www.irs.gov/pub/irs-pdf/f90221.pdf page-6 lo residents definition lo alians ni include chesaaru .. so we may need to file | ||
| Sachin Megastar Username: Sachin Post Number: 25293 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
annai...maaavaaadu expenses kinda 3-4 months ki kontha salary tax lekundaa isthunnaaadu...year ki some 15K daaakaa ivvochu ani antunnaaaadu...correctenaaaa? | ||
| Maverick Megastar Username: Maverick Post Number: 28254 Registered: 01-2008 Posted From: 204.86.204.207 Rating: N/A |
>>when you file form 1040 with IRS, you are filing as a 'resident' we file as resident 'aliens' if u r on h1b | ||
| Bunty717 Moderator Username: Bunty717 Post Number: 17640 Registered: 02-2008 Rating: N/A |
entaina ampukochu.. just track cheyataaniki.. eteru ee rule.. nuvvu ampina amount taxable emi kaadu and enduku anta ampevu ani kuda q cheyaru..just to make sure ee dabbu tellal gps ki funding kakunda undataaniki ki ante.. OT's own dialog: Pativrate kaani, gokite vastundi | ||
| Secondcup Comedian Username: Secondcup Post Number: 1910 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
mama, if we do any wire from any US bank ,IRS ki inform chestharu bank vallu ani ananru, if the amt is > 10k ani,idid nijamena ? | ||
| Sachin Megastar Username: Sachin Post Number: 25292 Registered: 04-2008 Posted From: 198.204.133.208 Rating: N/A |
bunty ee clause endi? manam ee icic etc dwaraaa 10K paina pampakoodadaaaa? | ||
| True_indian Side Hero Username: True_indian Post Number: 7738 Registered: 01-2008 Posted From: 12.129.87.4 Rating: N/A |
yes anukunta, AW i dont think there is any problem of doing it they are tightening the screws ante, whatever money we send it is white but check IRS website for more info i seriously doubt if they are going to track | ||
| Bushu Side Hero Username: Bushu Post Number: 2741 Registered: 04-2009 Posted From: 12.30.230.138 Rating: N/A |
perm residents are GC holders. when you file form 1040 with IRS, you are filing as a 'resident'(typically someone that hsa stayed for a certain period of time in the US irrespective of their visa status) and I think that same status is applicable here. | ||
| Andhrawala Side Hero Username: Andhrawala Post Number: 6801 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Tension endhante pirst nunchi dabbulu thro wire transfer only eitehr to do investments in stocks, plots or anything. Having same Indian account for last 10 years. Ippudu aa number isthe innallu endhuku ivvaledhu antaaraa? Also I sent money in May for paying Insurance premium. Basicall aa account is not for long term deposit. Only for staging till the money is withdarwn for paying Insurance premiums or buying assets. Maa papa perna oka 12 lakhs entho deposit vunnatundhi. so even that need to be declare?? | ||
| True_indian Side Hero Username: True_indian Post Number: 7737 Registered: 01-2008 Posted From: 12.129.87.4 Rating: N/A |
only money, at any point of time, if your account( combined yours and wifes) balance is more than 10k USD then only file it | ||
| True_indian Side Hero Username: True_indian Post Number: 7736 Registered: 01-2008 Posted From: 12.129.87.4 Rating: N/A |
its one page document with 10 details we can do it, why do we need CPA since my cpa does my business and personal accounting, he did it for free it took less than 15mts for me name, address, ssn, india bank details ante | ||
| True_indian Side Hero Username: True_indian Post Number: 7735 Registered: 01-2008 Posted From: 12.129.87.4 Rating: N/A |
first time, last time my cpa do it annadu lite lelo anna e sari, titti teestaru, dont get caught ante, chesa | ||
| Andhrawala Side Hero Username: Andhrawala Post Number: 6800 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Do we need to give details of LIC policies etc too | ||
| True_indian Side Hero Username: True_indian Post Number: 7734 Registered: 01-2008 Posted From: 12.129.87.4 Rating: N/A |
i did it for 2009 and 2010, reason naku kani wife ki kani eppudu account ledu lucky ga, we only opened in 2009 so its was easy for me i think 2003 might be too much, you can safely track from your money2india transfers and send a guestimate | ||
| Maverick Megastar Username: Maverick Post Number: 28253 Registered: 01-2008 Posted From: 204.86.204.207 Rating: N/A |
Second Who Must File an FBAR United States persons are required to file an FBAR if: The United States person had a financial interest in or signature authority over at least one financial account located outside of the United States; and The aggregate value of all foreign financial accounts exceeded $10,000 at any time during the calendar year to be reported. United States person means United States citizens; United States residents; entities, including but not limited to, corporations, partnerships, or limited liability companies created or organized in the United States or under the laws of the United States; and trusts or estates formed under the laws of the United States. based on this, its not for H1. US residents are GC holders. Alien word ekkada vadaledu.. | ||
| Andhrawala Side Hero Username: Andhrawala Post Number: 6799 Registered: 03-2008 Posted From: 152.51.56.1 Rating: N/A |
Is it the first time ever u did?? or u are doing it for a while?? | ||
| Secondcup Comedian Username: Secondcup Post Number: 1909 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
Thanks mama.
yeah alge vundi choostune but nuvvu kooda okasari a form choodu. | ||
| Idle_yzag Legend Username: Idle_yzag Post Number: 31427 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
patela ragging seyyak, pavala/bunty tho compare chesi valla range ni kindhaki dinchaku RahulGandhi/JP/Chiru | ||
| Maverick Megastar Username: Maverick Post Number: 28252 Registered: 01-2008 Posted From: 204.86.204.207 Rating: N/A |
>>ma CPA only for GC and Citizens annadu ur cpa rocks...filing this for temporary workers doesnt make sense. ekkuva panic avvadu..second ee attorneys,cpas business kosam oddara kodataru..unless the wording says resident aliens or every us tax payer or guest workers, i will not file | ||
| Secondcup Comedian Username: Secondcup Post Number: 1908 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
chass takkuva cheppanu emo amount.. neeku ayuhte min >20k vundali emo ne range ki..mari yzag lo antha kabza chesavu ani Bunty/pavala lu gusa gusa DB lo.nuvvemo abbe emundi nadaggara ane anangari dailouge...  | ||
| Secondcup Comedian Username: Secondcup Post Number: 1907 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
ela chesavu mama. only last year di e date balance > $10k vundo cheppala or since 2003 nunchi 2010 dec daaka metnion chettayal. naaku only NRE/NRO vundi ICICI lo kaani vaadu 2003 nunchi statements ante bebbbe ne..so ela cheyyali konchem chepithe i will do mine as well. | ||
| Idle_yzag Legend Username: Idle_yzag Post Number: 31424 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
bricks melting kuda lekkalo vesara ledha?  RahulGandhi/JP/Chiru | ||
| True_indian Side Hero Username: True_indian Post Number: 7733 Registered: 01-2008 Posted From: 12.129.87.4 Rating: N/A |
there is a simple form you have to fill and send it to detroit ma CPA only for GC and Citizens annadu | ||
| True_indian Side Hero Username: True_indian Post Number: 7732 Registered: 01-2008 Posted From: 12.129.87.4 Rating: N/A |
i filed it yesterday denemma inka tax return appudu em kamedies cheyalo | ||
| Idle_yzag Legend Username: Idle_yzag Post Number: 31420 Registered: 02-2008 Posted From: 198.80.144.187 Rating: N/A |
  na india bank lo eppudu 10k$ eppudu ledhu dora, pedha vallu meeru sebithe alochistha RahulGandhi/JP/Chiru | ||
| Secondcup Comedian Username: Secondcup Post Number: 1906 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
ante akkda fixed chetshen kada ,manadi antha ala vellithe ila withdraw tye.kaani even one day kooda ne a/c lo vunte you have to mention anta .. | ||
| Bunty717 Moderator Username: Bunty717 Post Number: 17639 Registered: 02-2008 Rating: N/A |
10k ind ampite cheyaavasaram ledu anukuntaa.. aa 10k Ind'an bank etukuntene prob..file cheyali.. OT's own dialog: Pativrate kaani, gokite vastundi | ||
| Secondcup Comedian Username: Secondcup Post Number: 1905 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
nenu anthe babai, kaani ippudu cheyyali ani daily end date is coming closer ani tega radio lo cheputunnaru,so any advice ? lekapothe idid Idle_yzag lanti pedda shavukarlulaki matrame vartistunda ? | ||
| Bunty717 Moderator Username: Bunty717 Post Number: 17638 Registered: 02-2008 Rating: N/A |
eppatinunchi undo teldu.. kani 2010 nunchi konchem stress chestunnaru.. file cheyali ani.. OT's own dialog: Pativrate kaani, gokite vastundi | ||
| Scallion Side Hero Username: Scallion Post Number: 8318 Registered: 05-2009 Posted From: 173.46.239.244 Rating: N/A |
by law even H1B has to file Financial Accounts owned in Foreign Bank but nenu epudu file cheyaledhu Jai NTR, Jai Jai TDP | ||
| Secondcup Comedian Username: Secondcup Post Number: 1904 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
MAV, bay Area lo India radiolo chaava godutunanru, so edi nijamo edi kaado teliyatam ledu. so checking DB folks.. nuvvu IRS website lo choodu clear ga chadivi oka detailed post veyyu mama. someone said 2003 nunchi ani,so idid konchem doubt ga vundi. | ||
| Secondcup Comedian Username: Secondcup Post Number: 1903 Registered: 02-2008 Posted From: 199.74.155.50 Rating: |
 sare kaani idid 2003 nunchi cheppali ani ananru evaro.edava godava anyinfo onthis or only 2010 chesthe chaala ? | ||
| Bunty717 Moderator Username: Bunty717 Post Number: 17637 Registered: 02-2008 Rating: N/A |
kaadu.. idi andariki..applicable anta..frnd attorney chepedu.. kani maavadu cheppaledu.. elagu nenu file cheyavalasina avasaram ledu nenu 10k eppudu etaledu Ind acc lo and this is not taxable.. OT's own dialog: Pativrate kaani, gokite vastundi | ||
| Maverick Megastar Username: Maverick Post Number: 28251 Registered: 01-2008 Posted From: 204.86.204.207 Rating: N/A |
>>A United States person GC vacchedaka manam ee category loki raamu ani nammutunna | ||
| Secondcup Comedian Username: Secondcup Post Number: 1902 Registered: 02-2008 Posted From: 199.74.155.50 Rating: N/A |
Calling RAJUSK / Pavala /LINK / money king idle_yzag and other DB members. Please share if you have any info about this. | ||
| Secondcup Comedian Username: Secondcup Post Number: 1901 Registered: 02-2008 Posted From: 199.74.155.50 Rating: |
meeku emyna idea vunda, ivi ela cheyyali or is this for only GC/US Citizes or even H1B has to file. Report of Foreign Bank and Financial Accounts (FBAR) DUE by 06/30/2011 You may be required to file FBAR forms. Please contact us to help to file FBAR forms Do You Have a Foreign Financial Account? If you own or have authority over a foreign financial account, including a bank account, brokerage account, mutual fund, unit trust, or other types of financial accounts, then you may be required to report the account yearly to the Internal Revenue Service. Under the Bank Secrecy Act, each United States person must file a Report of Foreign Bank and Financial Accounts (FBAR), if 1. The person has a financial interest in, or signature authority (or other authority that is comparable to signature authority) over one or more accounts in a foreign country, and 2. The aggregate value of all foreign financial accounts exceeds $10,000 at any time during the calendar year. A United States person is not prohibited from owning foreign accounts. The FBAR is required because foreign financial institutions may not be subject to the same reporting requirements as domestic financial institutions. The FBAR is a tool to help the United States government identify persons who may be using foreign financial accounts to circumvent United States law. Investigators use FBARs to help identify or trace funds used for illicit purposes or to identify unreported income maintained or generated abroad. Reporting and Filing Information A foreign account holder must mail the Form TD F 90-22.1 on or before June 30 of the following year. The FBAR is not to be filed with the filer’s Federal income tax return. The granting, by IRS, of an extension to file Federal income tax returns does not extend the due date for filing an FBAR. There is no extension available for filing the FBAR. Account holders who do not comply with the FBAR reporting requirements may be subject to civil penalties, criminal penalties, or both. Information Required For Filing FBAR Forms. For every foreign account you have please provide the following information separately. 1. Type of Account: Bank / Securities / CD / Fixed Deposit. 2. Name of the Bank / Financial institution. 3. Address of the Bank / Financial institution in which account is held 4. Account Number 5. Maximum balance at anytime in 2010 6. Is it Individual / Joint account 7. If Individual account : * Name of the account holder * Current address of the account holder * SSN 8. If Joint account: * Number of joint owners of this account. * Name of the primary account holder * Current address of the primary account holder * SSN * Name of the secondary account holder * Current address of the secondary account holder * SSN 9. If securities: * Maximum value of the account at anytime in 2010. |
