Your US tax return, with your Indian income and accounts included
A Form 1040 prepared with your Indian income, foreign tax credits, Form 8938, and Form 8621 for Indian mutual funds.
As a US tax resident you report your worldwide income, including interest, rent, and capital gains in India. Many general preparers leave these out or report them wrongly.
Indian mutual funds are a common problem. The US usually treats them as PFICs, which need Form 8621 and are taxed under special rules.
What this covers
- Form 1040 with Indian interest, dividends, rent, and capital gains.
- Foreign tax credits for tax paid or withheld in India.
- Form 8938 (FATCA) and Schedule B foreign account questions.
- Form 8621 for Indian mutual funds.
How it works
Email us what you need and a rough picture of your income and accounts. We reply with a quote and a list of documents. Nothing is filed until you have reviewed and approved it.
Common questions
Yes. As a US tax resident you report your worldwide income, including interest, rent, and capital gains in India.
The US usually treats them as PFICs, which need Form 8621 and are taxed under special rules. The return includes Form 8621.
The FBAR is a separate filing. You can add our FBAR Filing service, which starts at $49.