Search found 39 matches

by coolman
Tue Oct 09, 2018 5:31 am
Forum: To Chennai, Bengaluru, Tamil Nadu, Karnataka
Topic: USC - Transferring INR to USD
Replies: -1
Views: 237

USC - Transferring INR to USD

[QUOTE=dbs;682409]Hi, I had transferred about Rs 1200000 to UK around 2015 from my ord account. But as you know I was living in India at that time. I had just gone to the bank and told them that I need to transfer this amount. They filled out some forms and asked me to sign. The only point of ...
by coolman
Mon Jun 13, 2011 12:02 am
Forum: TAT Admin Office
Topic: Offshore Voluntary Disclosure Initiative or Tax Amends
Replies: -1
Views: 517

Offshore Voluntary Disclosure Initiative or Tax Amends

Friends, After going through all the threads and my old returns, I am scared. Do not even know any CPA OR tax pro can help. 1. I had one SB bank account and one PPF account for more than 15 years. I have been declaring these for last few years. I have statements only for few years. These Indian ...
by coolman
Sat Apr 12, 2008 11:21 am
Forum: TAT Admin Office
Topic: MT: Tax for US Citizen living in India
Replies: -1
Views: 697

MT: Tax for US Citizen living in India

[quote=coolman;94572]One more question: If you file extension, will you receive tax rabte i.e. $600 per adult. Thank you Coolman[/quote] I found the ans to my own question, from IRS website: [B]Q. I have not yet filed my 2007 tax return. Can I still qualify for a Stimulus Payment in 2008?[/B] A. Yes ...
by coolman
Sat Apr 12, 2008 11:10 am
Forum: TAT Admin Office
Topic: MT: Tax for US Citizen living in India
Replies: -1
Views: 697

MT: Tax for US Citizen living in India

[quote=gabbar007;94549]If no 1099-R was generated, you dont need to report it. For example this year I did 3 rollovers, all of them were direct rollovers, but two of them, sent me the check to be deposited in the rollover account, and 1099-R were generated and received by me, for the third one ...
by coolman
Thu Apr 10, 2008 10:07 pm
Forum: TAT Admin Office
Topic: MT: Tax for US Citizen living in India
Replies: -1
Views: 697

MT: Tax for US Citizen living in India

[quote=skn;94098][FONT=Arial][SIZE=2]gurusw,[/SIZE][/FONT] [FONT=Arial][SIZE=2]No the foreign income is not more than $87,500. Atleast I was mis-led by the word exclusion - yes, the Taxable income does not get impacted by the FEI exclusion but there is impact on the net tax. Tax does not have any ...
by coolman
Wed Apr 09, 2008 4:38 am
Forum: TAT Admin Office
Topic: MT: Tax for US Citizen living in India
Replies: -1
Views: 697

MT: Tax for US Citizen living in India

[quote=vdm;93678]Guys - I was lazing around thinking sometime close to due date I can just initiate an e-payment that's the equivalent of "here's my name & SSN ... here's my bank info, please take xyz dollars from it on 4/15" ... but I just went through the [B]EFTPS[/B] enrollment site and, guess ...
by coolman
Tue Apr 08, 2008 5:21 am
Forum: TAT Admin Office
Topic: MT: Tax for US Citizen living in India
Replies: -1
Views: 697

MT: Tax for US Citizen living in India

[quote=Bobus;93521]Desi: [URL]http://www.aca.ch/acan111.htm[/URL] [U]Extract[/U] [B]Filing Deadline[/B] Americans living overseas on April 15, 2002, are automatically given an extra two months to file their federal tax return. You just need to attach a statement to the return to that effect. [COLOR ...
by coolman
Mon Apr 07, 2008 10:06 pm
Forum: TAT Admin Office
Topic: MT: Tax for US Citizen living in India
Replies: -1
Views: 697

MT: Tax for US Citizen living in India

Friends, I kept postponing filing taxes and I started doing it. It looks like I will owe money to IRS. I came to know that I cannot e-file since I am in India. I can finish the taxes by Wednesday or Thusday is ths week. There is a chance that IRS many not receive or I have to do courier. My question ...
by coolman
Sun Mar 30, 2008 9:03 pm
Forum: Shipping Companies & Experience
Topic: Discussion on fixed income, bonds, and bond mutual funds
Replies: -1
Views: 316

Discussion on fixed income, bonds, and bond mutual funds

Sometime back Desi recommended BEGBX and it is now closed to new investors. Can someone please suggest a fund for Intl bond part of portfolio?

Thank you
Cool
by coolman
Sun Mar 30, 2008 6:06 pm
Forum: TAT Admin Office
Topic: MT: Tax for US Citizen living in India
Replies: -1
Views: 697

MT: Tax for US Citizen living in India

[quote=Bobus;91703]Source of salary is place where work is done, not where employer has HQ. So your salary for work done in India after R2I in Sept 2007 is India source and not US source, even if paid in $ and even if W-2 was issued, and no splitting into US and India source was done on W-2. [U]US ...

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