r2i forum

Grey,

1. Can you provide link for the info that - You [B]cannot[/B] claim a credit for TDS ( a common mistake), unless the tax was actually due and you filed an Indian tax return showing the amount of tax paid to India

2. Are you a tax consultant ?

Mezz

Can't this be treated as Blocked Income and interest paid at end of 15 years for PPF ???

[QUOTE=zen;390195]Unfortunately, the penalty will be 25%. However, the attorney said that once a IRS agent is assigned to your application, you may appeal to him and try to negotiate your penalty.[/QUOTE] Zen, This is her individual a/c, not a joint a/c with me. Still her a/c will be clubbed with ...

Thanks Zen.

Are you in a similar situation ? ?

[QUOTE=greyfri;390171]1) Put it down as a bank account, thats what it is to the IRS. 2) Almost certainly yes, you will have to pay penalty on both.[/QUOTE] Thanks for the quick response. One more clarification. I was checking OVDI rules. It mentions, if bank a/c value is less than 75K, then penalty ...

Tax Gurus, I searched lot of threads. but didn't get clear answer for the following : 1. . My wife and I have PPF a/c. I had opened these 12 years back. I came to US 8 years back. My understanding is that US tax is not payable on it, till I withdraw the money. Can you please confirm. 2. I have EPF a ...

Tax Gurus 1. Where do i show PPF and EPF a/c in FBAR. Is it under the category - Other and put type as retirement a/c. 2. My PPF and EPF a/c are still open (I contribute every year to PPF a/c while EPF is a old dormant a/c and I never got time to close it). If i use OVDI, do i need to pay penalty on ...