Need a tax consultant who is familiar with both US and Indian tax laws

panchapa · Post by **panchapa** » Mon Mar 07, 2011 5:39 pm

We are planning R2I this summer. We would like to consult with a private tax consultant who is familiar with both US and Indian tax laws to manage our tax questions/needs through the process. It is difficult for us to read through these posts and synthesize the information from the ground up and are willing to pay for the services. Any leads would be really appreciated, especially from those who have used them before. Thanks.

Vmom

kkassociate · Post by **kkassociate** » Mon Mar 07, 2011 6:39 pm

Hi Vmom,

We provide both USA and India tax filings services from Pune. You can email us with more details at [email][email protected][/email] or visit us on www.kkassociate.com

Regards,
KKA

panchapa · Post by **panchapa** » Tue Mar 08, 2011 5:07 pm

Thanks, KKA. Will check out the website and contact you directly. Can you provide some references of expats who have used your services?

kkassociate · Post by **kkassociate** » Tue Mar 08, 2011 5:54 pm

Hi Vmom,

Surely references can be provided.

Regards,
KKA

raj779 · Post by **raj779** » Wed Mar 09, 2011 3:33 am

Hi kkassociate,

I am a US citizen with OCI, if my parents nominate me on their bank accounts or assets or put my name on their will then do I need to show the nominated bank account or asset information on US FBAR form or on US Tax returns.

Thanks!

kkassociate · Post by **kkassociate** » Thu Mar 10, 2011 6:22 pm

Hi raj779,

You need to report the following bank accounts:

1) Where are you the primary account holder
2) Where are joint holder, even if you are second holder still you need to report.
3) Where you do not have any benefit in the account but are only authorised signatory to such accounts.

Mere nominee to an account does not create an obligation to include those accounts to report in FBAR forms.

We provide assistance in both USA and India tax filings from Pune. You can email us with more details on expat@kkassociate or visit us at www.kkassociate.com

Regards,
KKA

raj779 · Post by **raj779** » Fri Mar 11, 2011 1:11 am

Thanks kkassociate for the info.
Looking forward to have your services in the near future. Will touch base with you.

Thanks!

raj779 · Post by **raj779** » Sun Apr 03, 2011 7:05 pm

Hi Kksssociate or Desi,

I had a question regarding US Taxes for any assets, bank balance, property inherited from parents.

If parents in India have a nomination or a will for their cash, assets, property etc. on their childrens name who are US citizens, then will there be any US Estate taxes, gift taxes or any other US Taxes which the children who are US Citizens have to pay for any cash, property, other assets etc. which they get when the nomination/will by their parents is executed.

If there are any taxes which the children who are US citizens have to pay then what is the exemption limit before which the taxes apply and what are the tax rates ?

Appreciate if you can provide this info.

Thanks!

Desi · Post by **Desi** » Sun Apr 03, 2011 8:11 pm

Please do not post same query in multiple threads.
Response to your query is posted at http://www.r2iclubforums.com/forums/showthread.php/23522-Help-with-US-Taxes-2010-Indian-Citizen-married-to-USC?p=380338#post380338

jaykana · Post by **jaykana** » Sat Jun 11, 2011 11:29 pm

@kkassociate - Typically TDS is not deducted on Long Term Capital Gains in India. How does that need to be handled from the IRS perspective ? How to avoid Double Taxation in that case ?