Hi. I am a Green Card Holder of USA (since June 2015), but live and work in India. I have no source of Income
in the US
. While I understand i Have to file my Income Tax return
for 2015 in Form 1040
in the USA, I have a question on Form 8938 reporting
. I will be filing joint return
with my wife (who is also a Green card Holder), hence entitled to exemption upto $400,000 / $ 600,000 as provided for 8938. Do I have to include my Provident Fund balance as at 31 Dec 2015 in the Financial Assets
reporting in 8938. It is a retirement plan
, at the time of contribution as well as withdrawal, in India), where I contribute and will be entitled to withdraw it only when i retire at the age of 60 (presentlyI am 50).
JA: Hi India. The Accountant will know how to help. Anything else I can tell the Accountant before I connect you two?
Customer: No, thanks
JA: I'm sending you to a secure page on JustAnswer so you can place the $5 fully refundable deposit now. While you're filling out that form
, I'll tell the Accountant about your situation and connect you two.