Search found 4 matches
- Sun Sep 04, 2011 8:49 am
- Forum: TAT Admin Office
- Topic: Post OVDI Process Discussion Thread
- Replies: -1
- Views: 7
Post OVDI Process Discussion Thread
Hi zyzy, I think if you dont have any income from the asset, then you dont have to report it.
- Thu Sep 01, 2011 10:20 pm
- Forum: TAT Admin Office
- Topic: Offshore Voluntary Disclosure Initiative / Tax Amends - Part II
- Replies: -1
- Views: 25
Offshore Voluntary Disclosure Initiative / Tax Amends - Part II
[QUOTE=chal;408038]Lokesh - Yes, the deadline is 9/9/11. You should be in the program if you submit a VD letter to Philly office and an extension request to Austin by that date. Then you have another 3 months to make amends to both submissions. Some on this board are doing the program without ...
- Tue Jul 26, 2011 6:36 am
- Forum: TAT Admin Office
- Topic: Offshore Voluntary Disclosure Initiative or Tax Amends
- Replies: -1
- Views: 35
Offshore Voluntary Disclosure Initiative or Tax Amends
Hi Friends,
If I have sent money from my NRI account(US taxes paid) to my NRO account, do I still need to consider this amount while calculating highest aggregate balance for FBAR? or can I remove it from calculation as this amount was already taxed in US.
Thanks in advance for your reply.
If I have sent money from my NRI account(US taxes paid) to my NRO account, do I still need to consider this amount while calculating highest aggregate balance for FBAR? or can I remove it from calculation as this amount was already taxed in US.
Thanks in advance for your reply.
- Thu Jul 21, 2011 8:25 am
- Forum: TAT Admin Office
- Topic: Offshore Voluntary Disclosure Initiative or Tax Amends
- Replies: -1
- Views: 35
Offshore Voluntary Disclosure Initiative or Tax Amends
If I have a property(asset) in India, which was already declared earlier in my indian income tax returns, do I still need to show this and pay the penalty on this?