US Tax & Reporting
Advisory for US citizens, Green Card holders and US-connected NRIs on parallel US tax and reporting obligations alongside Indian tax compliance.
US citizens and Green Card holders are taxed by the United States on their worldwide income regardless of where they live, and must also report foreign financial accounts and assets — including Indian bank accounts, mutual funds and provident fund balances — under the Foreign Bank Account Report (FBAR) and the Foreign Account Tax Compliance Act (FATCA), typically via FinCEN Form 114 and IRS Form 8938. These obligations run alongside, not instead of, Indian tax filing requirements, and the India-US DTAA helps mitigate double taxation.
What our US tax & reporting advisory covers
US persons living in or connected to India face reporting obligations that are easy to overlook and carry steep penalties for non-compliance.
- Assessing US tax residency and filing obligations
- Foreign Bank Account Report (FBAR) filing via FinCEN Form 114
- Foreign Account Tax Compliance Act (FATCA) reporting via IRS Form 8938
- Claiming the Foreign Earned Income Exclusion and Foreign Tax Credit
- Coordinating India-US Double Taxation Avoidance Agreement (DTAA) relief
- Advising on reporting of Indian mutual funds as Passive Foreign Investment Companies (PFICs)
What this service includes
Coordinated support across two tax systems.
US Filing Obligations
Assessing whether you need to file a US tax return based on citizenship, Green Card status, or presence tests.
FBAR & FATCA Reporting
Preparing FinCEN Form 114 and IRS Form 8938 disclosures for Indian financial accounts and assets.
Double Taxation Relief
Applying the Foreign Tax Credit and the India-US DTAA to avoid paying tax twice on the same income.
PFIC Considerations
Advising on the complex reporting rules that apply to Indian mutual funds held by US persons.
Our process
From initial consultation to completion.
US Status Review
Confirming your US tax residency status — citizen, Green Card holder, or resident alien — and filing thresholds.
Account & Asset Inventory
Cataloguing Indian bank accounts, investments and other assets that may need to be reported.
Filing Preparation
Preparing the US return along with FBAR and FATCA disclosures, alongside the Indian return.
Relief & Coordination
Applying available credits and treaty relief so income isn't taxed twice.
Why US-India tax coordination matters
What sets our approach apart.
Reporting penalties are steep
Failure to file FBAR or FATCA disclosures can attract significant penalties in the US, even where no additional tax is ultimately due.
Worldwide taxation catches people off guard
Many US citizens living in India are unaware that US tax obligations continue regardless of where they live or where their income arises.
Mutual funds need special handling
Indian mutual funds are often classified as Passive Foreign Investment Companies (PFICs) under US law, triggering specific and complex reporting requirements.
US tax & reporting questions answered
What people ask before engaging us.
Juggling US and Indian tax obligations?
We'll help you stay compliant on both sides.
