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Last year I received cash gifts via bank transfers from two
Last year I received cash gifts via bank transfers from two people in China as wedding gifts. One for $100,000 and another for $50,000. Do I need to file any forms or pay any taxes? Thank you.… read more
emc011075
emc011075
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My dad recently passed and I have inherited some liquid
My dad recently passed and I have inherited some liquid assets, some assets in form of shares and Mutual funds, and property (residence in Mumbai) which will be transferred in the name of my sister an… read more
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In the UK one is allowed to gift my home to the Children and
In the UK one is allowed to gift my home to the Children and they will be exempt from paying IHT after 7 years. As all now green card holders how will America view this.… read more
emc011075
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My sister is in USA. She is a working women as well as her
My sister is in USA . She is a working women as well as her spouse. Her son is studying and will be going for higher studies. I want to help her as the amount required of 4 yrs study is about 250000 d… read more
emc011075
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1) Non Resident Indian, American Green Card Holder, inherited
1) Non Resident Indian, American Green Card Holder, inherited property in India from the Mother. Whether the sale proceeds of the property remitted to USA will be subject to tax in USA. The necessary … read more
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For Rakhi Vasavada :Please clarify in detail in regard
For Rakhi Vasavada : Please clarify in detail in regard with India as well as US Income Tax Return on the below : (1) If a person from India is US Green Card Holder or US Citizen but he/she stays in I… read more
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Robin D.
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Robin D 1. I am usa permanent resident and indian citizen.
Robin D 1. I am usa permanent resident and indian citizen. Can I invest in indian mutual fund through Indian bank? Indian bank is registered with indian regulators but not US.… read more
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Robin D When usa permanent resident is living in india
Robin D When usa permanent resident is living in india, they are taxed on their global income but get tax credit for indian taxes paid. Which of them will be considered indian income and which will be… read more
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I am a green card holder (Indian citizen). I hope to get my
I am a green card holder (Indian citizen). I hope to get my US citizenship in a couple years. My parents are back in India. I purchased a couple of residential properties in India, while being an NRI.… read more
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Here are my question: 1. An individual sold inherited property
Here are my question: 1. An individual sold inherited property from her father a citizen of Russia( had received the property from the State in communist era) and repatriated the proceeds to his/her U… read more
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I am an Indian citizen and a Green Card Holder U.S. Resident
I am an Indian citizen and a Green Card Holder U.S. Resident who lives in a rented apartment in USA . I own one apartment in India . Does it need to show in my US Income Tax Return ?… read more
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Hi, I am planning to bring money I lend my brothers and
Hi, I am planning to bring money I lend my brothers and fathers in India over a period of decade back to USA. They will gift the money to me india via transfer to my account. I will hold the money in … read more
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Hello Officer, (1) I am an Indian Citizen and a permanent
Hello Officer, (1) I am an Indian Citizen and a permanent resident of the United States (Green Card holder).I am employed with a firm in India and i get my INR salary in India. In the US, i work as a … read more
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I , my spouse and kid all got our green cards just 4 months
I , my spouse and kid all got our green cards just 4 months before in USA but now my spouse has already surrendered his Green Card and is again non-resident here in USA as he was before GC because he … read more
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Originally from India, I am a Green card holder since 1996
Originally from India, I am a Green card holder since 1996 and bacame a US citizen in 2003. I bought a piece of land in India in 1996 and sold it in 2010. What will be my tax liabilities in US and Ind… read more
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Is there taxation on gift money from India to USA?
I am planning to receive money as gift from India from my dad to me residing in U.S. as a permanent resident (Green Card Holder). He is sending me the money since he sold his one of his properties. Th… read more
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