Filing of U.S. Tax Returns for NRIs
Expert US tax compliance for NRIs including worldwide income reporting, FBAR filing, and IRS audit representation.
Filing US taxes from India?
Our US tax specialists help you stay compliant with IRS regulations.
US Tax,FBAR,Foreign Tax Credit,FEIE,IRS,Streamlined Filing
WizBiz Team
US tax compliance is complex for NRIs who are US citizens, green card holders, or have US-source income. Our team provides comprehensive US tax return preparation services.
Complete US tax return filing with worldwide income disclosure
FBAR and FATCA compliance for foreign accounts exceeding USD 10,000
Foreign Tax Credit (Form 1116) optimization to avoid double taxation
Streamlined Filing Procedure for delinquent taxpayers
US individual tax return (Form 1040) preparation and filing
FBAR (FinCEN Form 114) preparation and filing
Foreign Tax Credit (Form 1116) computation and claim
Foreign Earned Income Exclusion (Form 2555) assistance
IRS audit defence and representation
Gather worldwide income, foreign accounts, and US-source income details
Determine filing status, exemptions, and applicable credits
Compute Foreign Tax Credit and Foreign Earned Income Exclusion
Prepare Form 1040 and all supporting schedules
FBAR filing for foreign accounts exceeding USD 10,000
IRS filing and ongoing compliance monitoring
Q: Who needs to file US tax returns from India?
A: US citizens, green card holders must file worldwide income. Indian residents with US-sourced income exceeding thresholds must also file.
Q: What is FBAR and who needs to file it?
A: Report of foreign bank accounts. Any US person with foreign accounts exceeding USD 10,000 must file by 15 April.
Q: What is the India-US DTAA benefit?
A: Reduced withholding tax on dividends (15%), interest (10-15%), and royalties (10-15%). Capital gains on Indian property taxable only in India.
Q: What is Form 1116?
A: Used to claim Foreign Tax Credit for income taxes paid to foreign governments against US tax liability.
Q: Can NRIs claim Foreign Earned Income Exclusion?
A: Yes, if meeting bona fide residence or physical presence test (330 days abroad), excluding up to USD 126,500.
Q: What are FBAR penalties?
A: Non-willful up to USD 12,921 per account per year. Willful up to greater of USD 129,210 or 50% of account balance.
Q: What is Streamlined Filing Procedure?
A: Allows non-resident US taxpayers to come into compliance with reduced penalties for non-willful conduct.
Q: Does WizBiz handle IRS audit representation?
A: Yes, complete IRS audit defence including response preparation and representation during examinations.
