FBAR: Who Should File?

Under the American tax law, if you are a U.S. citizen who has either signature authority over or a financial interest in any foreign financial account, you are required to…

A Detailed Guide for Indian and Foreign Nationals Applying for a PAN Card

Indian nationals who pay their Income Tax have their own Permanent Account Number (PAN). This 10-digit alphanumeric code is assigned by the Central Board of Direct Taxes through the Income…

How To Bring Money from India to the US ?

Many American Indians, non-resident Indians (NRIs) and persons of Indian origin (PIOs) have immovable assets like a house that they have left behind in their country. They may also have…

2014 Wealth Summit Pictures

2014 Wealth Summit Pictures

Here are some pictures from the 2014 Wealth Summit. We would like to thank everyone who joined us for this one day event. I hope you liked the food and…

Evaluate the repercussions of non disclosure and make a speedy effort and comply with the tax through SFOP

Evaluate the repercussions of non disclosure and make a speedy effort and comply with the tax through SFOP

Every individual or a small concern or a big company has to comply with the financial obligation of filing the tax due to the government. Any institution can hope to…

The tax liabilities for business ventures in the USA

The tax liabilities for business ventures in the USA

Business ventures can thrive in the land of promise (USA) reasonably well provided they do not default on their obligation of tax towards the federal government. Business that employes people…

The Historic US Indictment of The Swiss Wegelin Bank Lays The Foundation For Additional Cases

The Historic US Indictment of The Swiss Wegelin Bank Lays The Foundation For Additional Cases

Wegelin and Co. was the oldest private bank in Switzerland but they were unable to escape US indictment. They became the first non-US bank to be indicted by the US…

FATCA: Compliance And Enforcement

FATCA: Compliance And Enforcement

FATCA is the Foreign Account Taxpayers Compliance Act. On Feb. 8th, 2012, the IRS and the Treasury Department proposed tax regulations under FATCA and a statement regarding a new intergovernmental…

FBAR Filings Are Electronic This Year

FBAR Filings Are Electronic This Year

Major Change to FBAR This Year – Its Electronic FBAR has became a great revenue source for the US Govt. in last few year.  Although there is no tax revenue…

RBI Guidelines | Acquisition and Transfer of Immovable Property in India

RBI Guidelines | Acquisition and Transfer of Immovable Property in India

You may have heard Sanjiv talk about RBI Guidelines on Radio or at the Live Events. What are those RBI Guidelines ? Who is impacted by those guidelines  ? Acquisition…