r2i forum

[QUOTE=plansup;673695]A senior citizen lady should not be fiddling with mutual funds. Stocks are too volatile for people on fixed income. Now if she is getting [I]helped [/I]to use as a conduit by near and dear ones thats another matter. Also, why is she fixated on getting on US citizenship when she ...

A complicated situation hence complicated question. I am trying to help a senior citizen lady. She has Indian PAN card ...aadhar card and other required documents. She is permanent resident of USA (green card holder) but she does not like to stay in USA..so she goes back to India and come back ...

For senior citizens taxable income is 3,00,000 so if this citizen have income about 1,50,000 as interest income from various Indian banks including savings and FD accounts are they suppose to file income tax? She does not pass residency test for income tax purpose.(for India). ..she does not live ...

So spouse name has * mark but spouse's passport number does not have * means we can leave it blank?

[COLOR=#333333]1. on Govt. OCI application ..it is asking for applicant passport number..just making sure we are entering current US passport and not expired Indian passport correct? [/COLOR] [COLOR=#333333]2. On spouse details..my spouse is US citizen and not applying for OCI card so wondering if ...

[QUOTE=PeterGriffin;672735]I just did mine. I included it identical to what's on my US passport. My given name (first and middle) on my US passport matched the first name on the OCI application as there is no middle name on the OCI application. It worked for me![/QUOTE] Thanks for quick relief.. I ...

I am applying for my new OCI card...I already have renunciation certificate On CKGS website it is asking first name(given name)(as on current US passport) and last name(given name) (as on current US passport) I am confused about second part where it says first name (given name) .. on my passport it ...

[QUOTE=realgoogler;668569]You have to file FBAR (foreign aggregate financial assets at any point in the year was greater than 10K and pay taxes on income per PFIC rules for Mutual funds.[/QUOTE] I understand about FBAR and taxes but are there any other consequences? I am mostly worried about exit ...

What are the consequences if foreign assets are more than 50000$ of US citizen and these funds are invested in mutual funds. I understand 50000$ and 75000$ threshold but if assets are worth above threshold ...what are the consequences? I also understand if these assets /mutual funds are generating ...