1. Filing US Taxes from India Made Simple
Tax treatments for expats have always troublesome. While US India tax laws are complex enough, tax treaties and
other taxations related issues can get all the more confusing. US Expats or Expatriates are taxable on worldwide
income for their lifetime, unless they expatriate- surrender their US citizenship or Legal Permanent Residence or
green card. It is always a good idea to be armed with a comprehensive checklist of information for the US person
to consider prior to choosing to renounce US citizenship or legal permanent residence or prior to accepting an
assignment outside the U.S.
What you need to keep in mind while taking up a foreign assignment
When a US person is thinking of accepting a foreign assignment, it must be remembered that all United States
(U.S.) citizens, green card holders and individuals meeting the Substantial Presence Test (SPT) are considered U.S.
resident aliens. All U.S. resident aliens are subject to U.S. Federal taxation on their worldwide calendar year
income for life, regardless of where their income is earned, the currency or where the income is deposited. The
U.S. income tax reporting period is a calendar year- January 1 to December 31- inclusively, regardless of the fiscal
year tax reporting period in your current country of residence. The statutory resident tests are typically conjoined
with 183 days of presence rule and a permanent place of abode pretext, the latter of which is typically vague. The
U.S. is the only country in the world that assesses tax liability based upon taxpayers’ legal immigration status as a
citizen.
Professional help can simplify the matter
Taking advice from the professionals will save you from paying double taxes and those who are not aware of this
fact can end up paying more. Although expats are entitled to certain privileges, understanding the finer nuances of
the legal implications is extremely important. Taking the help of a tax advisor can help in giving you the right
advice regarding US India tax or any kind of business tax return and prevent you from getting into any kind of legal
complication. With the help of professional tax guidance, you can
Plan now and pay lower taxes later
File your taxes effortlessly
Be compliant with IRS and Indian IT department
Taking advice from the professionals will save you from paying double taxes both in your home country and host
country. Those who are not aware of this fact can end up paying more. With adequate precaution and advice from
a professional you can be free of your tax burdens.
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