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Hi
The provident fund account is(EPF) is maintained by a subsidiary of the Ministry of Labour.The funds cannot be withdrawn until retirement.

However it could be withdrawn for specific reasons...

Hi

Are the following considered as part of income by IRS

I want to know if the following accounts are reportable:

PPF(Public Provident Fund)
...

Hi
I heard some proposals are ongoing to raise FBAR threshold to more than 10 k in future,because the limit has never been revised.

Is this true?I am curious because honestly the 10 k limit for...

Hi,

While working in India,before coming to USA,I use to contribute to a pension fund.The fund does not give any distibution.It however has an option of being surrendered before or after 60 years...

RSUs are not shares of Capital Stock and do not convey any stockholder rights. The
Company will not pay dividend equivalents on unvested RSU awards.

This is what is mentioned here.So looks like...

Thanks a lot buddy.You are a tax-wizard! My hats off to you.

I have to check that.There is an option to fill form W-9

Question on Sending money to parents:(I am working on H1b visa in USA)

Hi,I know as per Gift Tax Laws in USA I can send a max money of 13,000 to each parents in foreign country.Beyond that I need...

Restricted stock units issue dividend equivalents,which are technically not same as dividend

Hi

I have 7 restricted stock units given to me by employer on June 2011.These shares paid a dividend of 10.25$.I am not allowed to sell these stocks until December 2015.


Do I need to report...

Hi,

So what will be the income in this case?

1.Is it just the amount which I gained/lost?

Or

2. Is it the entire fund value?

Hi
I have another tricky question related to Mutual Funds.

1. I have transferred units of Mutual Fund A to Mutual Fund B.They belong to the same fund family.Is there anything which needs to be...

Hi,

One quick clarification.The money which my father gives me as a gift is through a check.He draws a check and deposits with my foreign bank.Hope that does not change anything?

Hi,

1. If I receive money from my father as a gift in Indian in my Indian Bank Account,will it be considered as income and does it need to be reported to IRS as a taxable income?The amount is...