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Machomegastar
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Username: Machomegastar

Post Number: 2878
Registered: 02-2008
Posted From: 208.105.1.254

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Posted on Friday, September 11, 2009 - 12:17 pm:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Jodhaa:

astulu anta bro...khammam chuttu pakkala vunna me 100+ lands anni declare cheseyyandi




100+ landsa!!! ave vunte indatha enduku sis!!! happy ga akkade enjoy chesevadini!!
peoples star YSR amar rahe!!!
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Jkm
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Username: Jkm

Post Number: 3754
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Posted on Friday, September 11, 2009 - 11:59 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

In addition to reporting investment income and capital gains on their income tax returns, U.S. citizens and residents with a financial interest or signature authority over a foreign financial account that's worth more than $10,000 at any time of the year must report that account to the Treasury Department through a form called the Foreign Bank Account Report.

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/200 90906/REG/309069972

 అందమయిన జీవితము. అందమయిన ప్రపంచం. కొత్త బంగారు లొకము మాకు కావాలి సొంతము.
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Jodhaa
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Username: Jodhaa

Post Number: 10796
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Posted on Friday, September 11, 2009 - 11:29 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Machomegastar:

mana astulu anni declare cheyala leda just mana acoount lo $10,000 knate ekkuvunte declare cheyala!!!


astulu anta bro...khammam chuttu pakkala vunna me 100+ lands anni declare cheseyyandi :d:D
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True_indian
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Username: True_indian

Post Number: 4311
Registered: 01-2008
Posted From: 174.96.132.28

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Posted on Friday, September 11, 2009 - 11:11 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

guys once you take US citizenship
you have to report overseas income like rental property, interest
not if you have deposits

but they are going to change that, if the new rule is passed
you have to tell them even if you have deposits

thats not for visa and GC holders so dont worry
we need kakarla to certify lot of Mental Kandidates
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Linkmaster
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Username: Linkmaster

Post Number: 8751
Registered: 02-2008
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Posted on Friday, September 11, 2009 - 11:09 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

OK...

need not break our head.. its just for citizens,.. they know how to handle it.... very lite
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Abcdefghij
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Username: Abcdefghij

Post Number: 5327
Registered: 02-2007
Posted From: 69.212.45.7

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Posted on Friday, September 11, 2009 - 11:06 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

okkati matram nijam if any rules come into effect like this they usually tie it to tax date which is april15th anukontunna

ita sep23 etc i doubt it unless it was already in force for this year april15th

anyways evaru aiyna db lo cheste cheppandi....
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Abcdefghij
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Username: Abcdefghij

Post Number: 5325
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Posted on Friday, September 11, 2009 - 11:02 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


True_indian:

only for citizens not for GC
dont worry




link please adi citizens ki anni ekkada vundo...

sodhi okka sari iste ika taxulu kattatame pani...
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Machomegastar
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Username: Machomegastar

Post Number: 2877
Registered: 02-2008
Posted From: 208.105.1.254

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Posted on Friday, September 11, 2009 - 10:58 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


True_indian:

only for citizens not for GC
dont worry




citizens ki ayina india bank account lo $10,ooo knate ekuuvunte choopiyyala!! mama!!
peoples star YSR amar rahe!!!
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True_indian
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Username: True_indian

Post Number: 4310
Registered: 01-2008
Posted From: 174.96.132.28

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Posted on Friday, September 11, 2009 - 10:51 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

only for citizens not for GC
dont worry
we need kakarla to certify lot of Mental Kandidates
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Wrathchild
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Username: Wrathchild

Post Number: 8502
Registered: 03-2009
Posted From: 192.146.101.71

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Posted on Friday, September 11, 2009 - 10:37 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

emo..naku teliyadu...anduke ee thread..it just talks about bank accounts..and again in the same thread some one posted saying htat its only for citizens and gc holders..

so calling a2j,bhiku,t_t etc
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Machomegastar
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Username: Machomegastar

Post Number: 2876
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Posted on Friday, September 11, 2009 - 10:30 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wrathchild:




mana astulu anni declare cheyala leda just mana acoount lo $10,000 knate ekkuvunte declare cheyala!!!
peoples star YSR amar rahe!!!
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Risingstar
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Username: Risingstar

Post Number: 11454
Registered: 08-2008
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Posted on Friday, September 11, 2009 - 10:26 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Wrathchild, antha sadive opika ledhu nenu adigina daniki info ettu.
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Abcdefghij
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Username: Abcdefghij

Post Number: 5321
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Posted on Friday, September 11, 2009 - 10:25 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wrathchild:




fill chessava....cheyali antava?
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Wrathchild
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Username: Wrathchild

Post Number: 8499
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Posted on Friday, September 11, 2009 - 10:06 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

here is the link..
http://immigrationvoice.org/forum/forum99-tax-social-securit y-and-financial-issues-for-immigrants-and-nonimmigrants/1030 01-deadline-09-23-2009-overseas-account-10k-in-2008-must-be- declared.html
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Abcdefghij
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Username: Abcdefghij

Post Number: 5316
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Posted on Friday, September 11, 2009 - 10:05 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

link kottu chala confusing ga vundi...

mana dabbu ekkada vunte vadiki enti tax katte istadu kada vadu? i dont think its acceptable...
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Truelies
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Username: Truelies

Post Number: 3889
Registered: 03-2008
Posted From: 74.237.6.152

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Posted on Friday, September 11, 2009 - 10:04 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

oh, if the accounts in home country exceeds $10,000 then we need to declare here to IRS....?????
www.prajarajyam.org - syntax error, unexpected
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Wrathchild
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Username: Wrathchild

Post Number: 8498
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Posted on Friday, September 11, 2009 - 10:04 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

Idi kooda undi

Nonresidents Needn’t File Foreign Bank Account Forms (For Now)

by phil on 2009/06/09

It brings to mind Emily Litella. “Never mind,” says the IRS.

The IRS just announced that — despite the changes to the FBAR instructions made effective January 1, 2009 — nonresidents do not have to file Form TD F 90-22.1. Only citizens, U.S. residents, and domestic entities need to do so.

Announcement 2009-51

Temporary Suspension of FBAR filing Requirements for Persons who are not Citizens, Residents, or Domestic Entities

June 5, 2009

The Internal Revenue Service is temporarily suspending the reporting requirement with respect to foreign bank accounts (Form TD F 90.22-1 (Report of Foreign Bank and Financial Accounts) due on June 30, 2009, for those persons who are not citizens, residents, or domestic entities. The revised Form TD F 90.22-1 (October 2008) was issued with a change in the instructions to the definition of “United States person.” The IRS has received a number of questions and comments from the public concerning the new filing requirement that may require additional guidance.

To reduce the burden on the public with respect to FBARs due on June 30, 2009, all persons may rely on the definition of “United States person” found in the instructions for the prior version of the FBAR (the July 2000 version) to determine whether they have an obligation to file an FBAR. The definition of “United States person” from the prior version is as follows:

United States Person The term “United States person” means (1) a citizen or resident of the United States, (2) a domestic partnership, (3) a domestic corporation, or (4) a domestic estate or trust.

The definition of the term “United States person” from the instructions for the prior version of the FBAR form may be relied upon for purposes of determining who must file an FBAR. All other requirements of the current version of the FBAR form and instructions (revision October 2008) are still in effect. The current version of the form must be used when filing an FBAR.

The substitution of the definition of “United States person” from the instructions for the prior version of the FBAR applies only with respect to FBARs due on June 30, 2009. Additional guidance will be issued with respect to FBARs due in subsequent years.

The Service invites interested persons to submit comments regarding the revised FBAR form and instructions (revision October 2008). Please submit comments by August 31, 2009 to: Internal Revenue Service, CC:PA:LPD:PR (Announcement 2009-51), room 5203, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. Submissions also may be hand delivered Monday through Friday between the hours of 8 a.m. and 4 p.m. to: CC:PA:LPD:PR (Announcement 2009-51), Courier’s Desk, Internal Revenue Service, 1111 Constitution Avenue N.W., Washington, DC. Alternatively, taxpayers may submit electronic comments directly to the IRS e-mail address: notice.comments@irscounsel.treas.gov (attention: Announcement 2009-51).

The principal author of this announcement is Adrienne Mikolashek of the Office of Associate Chief Counsel (Procedure and Administration). For further information regarding this announcement contact Adrienne Mikolashek at 202-622-4940 not a toll-free call).

What does this mean to you?

* If you are a nonresident of the United States and you were concerned about getting caught up in this new requirement, you have a temporary reprieve. You do not need to file Form TD F 90-22.1 at this time.
* Don’t go to sleep. The danger is not gone. It will be back for calendar year 2009 and future years. We just don’t know what the exact requirements will be.
* Look at the way you have configured your U.S. investments and U.S. business operations. Make changes now. This is an unexpected window of opportunity to restructure your affairs. Seize it.

Tagged as: FBAR, foreign bank accounts, TD F 90-22.1
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Truelies
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Username: Truelies

Post Number: 3888
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Posted From: 74.237.6.152

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Posted on Friday, September 11, 2009 - 10:03 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)


Wrathchild:

must declare all their accounts in home country or any other country,




how do IRS know whether someone declared in their home country or not?
www.prajarajyam.org - syntax error, unexpected
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Risingstar
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Username: Risingstar

Post Number: 11449
Registered: 08-2008
Posted From: 98.225.179.58

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Posted on Friday, September 11, 2009 - 10:02 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

aasthulu and appulu declare cheyyalsina avasaram ledha? only accounts eena?
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Wrathchild
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Username: Wrathchild

Post Number: 8497
Registered: 03-2009
Posted From: 192.146.101.71

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Posted on Friday, September 11, 2009 - 10:00 am:   Insert Quote Edit PostDelete PostPrint Post   Move Post (Moderator/Admin Only)Ban Poster IP (Moderator/Admin only)

IV lo chadiva? what is this?

Anyone who stayed more than 183 days in 2008 here in US, must declare all their accounts in home country or any other country, if at any time, the cumulative value in those accounts exceeded $10,000. IRS extended the declaration deadline to September 23, 2009.

I came to know about this today only and I am planning to submit this as soon as possible. Please follow the following links to educate yourself.


Indians in US have to disclose offshore accounts- Tax News-Tax Savers-Personal Finance-The Economic Times


Official IRS Pages describing these:

Report of Foreign Bank and Financial Accounts (FBAR)

September 23 Deadline for Some FBAR Filers

FAQs Regarding Report of Foreign Bank and Financial Accounts (FBAR)

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