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I am on H1B non immigrant status in US. My wife also works

I am on H1B non immigrant status in US. My wife also works in US on H1B. I need to know if I am required to file fbar. I came to US in 2011 feb and till this time I am not aware of anything called fbar. One of my friend told me about this recently and I am not sure if this is for US citizens or green card holders only. I didn't file fbar for last years. I have below questions.1. Am I required to file fbar?2. My wife doesn't have a foreign account. She transfer money to my foreign account. She is not the joint owner on the foreign account. Does she needs to file separate fbar form.3. Do I need to file for previous years?4. If I earn interest from my foreign account in India then is it taxable in USA and do I need to declare this in USA.If yes then how?5. What is the due date for filing fbar?6. Is there a process just like city tax remainders so that I may get notified for things like fbar going forward.7. I got a personal loan from USA for some expenses in India. So my foreign account have more than $10k. I have the personal loan running in USA now for which I am paying interest too. Do I need to call this out explicitly somewhere in the fbar form.

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DanielleCPA

Certified Public Accountant

Bachelor's Degree

 
944 satisfied customers
My wife owns transferred cash to a partnership (LLP) in

Hi! My wife owns transferred cash to a partnership (LLP) in India and became a partner of 33%What are our filing requirements? She is a resident and does not have any US income. The partnership is a Limited Liability Partnership and all the partners have limited liability.Which forms do we need to submit?

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Robin D.

Vocational, Technical or Trade School

 
20,340 satisfied customers
I worked in the US months last year. I got a job in Qatar

I worked in the US for 10 months last year. I got a job in Qatar and claimed tax exempt for 2 months. I went to file my taxes and the turbo tax said I was not eligible for child tax credit because of this. Is this correct? I am thinking there is a way to get my full refund still. I don't believe that I should miss out on Child Tax Credit because I worked 2 months in another country which would've been MAYBE $200 in taxes I would've paid.

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,558 satisfied customers
My husband and I are American citizens living abroad We

My husband and I are American citizens living abroad We worked in the US andI file taxes there since Zi have income My account has filed me in the 1024NR form She said this is the form I have to file since my tax country is Greece but my husband who has no income or property in the US does not need to file a tax form since he files in Greece Is this true I think this form is for non US citizens Will I have any consequences? What do Zi need to do?

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
If a person while a citizen of country z and living in

If a person while a citizen of country z and living in country z has savings from income earned in that country and pays it taxes considered tax income in the US if savings or part of the savings are transferred to the US after the citizen immigrates to the US? Is it reportable?

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emc011075

Tax advisor and Enrolled Agent

Bachelor's Degree

 
3,558 satisfied customers
I am selling real estate in a foreign country. The real

I am selling real estate in a foreign country. The real estate was obtained via inheritance several years ago. What are the tax implications of transferring money from that sale to the United States? I am a US citizen and the real estate was inherited from a non-US citizen.

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Robin D.

Vocational, Technical or Trade School

 
20,340 satisfied customers
If I were to place a property that is in Dominican Republic

If I were to place a property that is in Dominican Republic under my llc that is registered in Florida but owned by another llc registered in Delaware, would I have to pay taxes for that property here in the states?

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Lane

JD, MBA, CFP, CRPS

Doctoral Degree

 
16,384 satisfied customers
My name is***** living in South Carolina and

Hi my name is***** living in South Carolina and we are selling my parents home in Denmark and the profit is split between my 3 brothers and we have to pay 15 % tax of the money there do I have to pay tax of any money here I am the only one living in the US

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
I received earned income in the UK and paid UK tax during

Hi,I received earned income in the UK and paid UK tax during the UK tax year of 2015 / 2016. Does my income and tax paid get entered on my US 2015 return, or next year, on my 2016 return?Thanks

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Lev

Retired

Bachelor's Degree Equivalent

 
24,192 satisfied customers
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