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    lokesh1978's Avatar
    lokesh1978 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 10, 2012, 08:54 AM
    Indian EPF distribution implication on US tax returns
    Hi,

    I had worked in India for a employer 8 year and moved to US. I had worked last 2 years for same employer in US and filed tax returns in US. Now in tax year 2011 I resigned employer and joined a new employer. As a result of this event, I withdraw my EPF money from old employer Trust in India.

    My question is what will be tax implication of this event on my 2011 tax returns in US? Do I need to file Form 3520 "Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts"

    Thanks
    Lokesh
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 13, 2012, 03:43 PM
    This question will require some research in the U.S.-India Tax Treaty, research I CANNOt do at this time of year without compensation.

    Recommend you seek advice froma LOACL tax expert with international tax experience.
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