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FBAR and FATCA   Ajay   02/03/2018 04:56 PM  

Hi,

Do we need to file FBAR & FATCA even if we are non-residents? As i see in this below video he mention only US Citizen and US Residents, i read some where even non-residents should file if you have more than 10000 dollar in Indian bank account anytime last year.

https://www.youtube.com/watch?v=Jt-k2hfJikA

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Re: FBAR and FATCA   you are a    02/03/2018 11:37 PM  

US Residents

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Re: Re: FBAR and FATCA   Curious indian   02/04/2018 09:38 AM  

Tax residents - i.e. those who stayed in uS for more than 180 days in a year.

So most likely most of h1 holders have to file it unless they landed in later half of 2017 or dont have $ 10k in india

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Re: Re: Re: FBAR and FATCA   Santhosh   02/04/2018 03:17 PM  

So you mean to say having $10K in single point of time or all over the year. I have sent more than $10K, but never had in my account.

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Re: Re: Re: Re: FBAR and FATCA   curious indian   02/04/2018 06:23 PM  

i think it is $10k+ at any point during the year.

i read the rules 3 years ago when i started filing FBAR/FATCA

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Re: Re: Re: Re: Re: FBAR and FATCA   answer   02/04/2018 08:23 PM  

FBAR - if you held > $10K any point of time in all declared accounts

FATCA - if you held > $100K

I have been doing FBAR for last 4 years or so.... very easy to do...

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Re: Re: Re: Re: Re: Re: FBAR and FATCA   Desi   02/05/2018 06:22 PM  

Any help in filing FBAR. Need information on how to file

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Re: Re: Re: Re: Re: Re: Re: FBAR and FATCA   help   02/05/2018 06:42 PM  

https://bsaefiling.fincen.treas.gov/NoRegFBARFiler.html

file using this link

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Re: Re: Re: Re: Re: Re: Re: Re: FBAR and FATCA   Desi   02/05/2018 08:28 PM  

thanks

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Re: Re: Re: Re: Re: Re: Re: Re: Re: FBAR and FATCA   Desi   02/05/2018 08:43 PM  

Please use ctdesi.com for this kind of post and information. This is good to know for all of us.

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