India Demat Accounts US Tax & Reporting - FBAR, FATCA & More
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Demat Account US Tax & Reporting
Demat Accounts & US Tax: When a U.S. person has accounts in India that meet the IRS threshold for offshore reporting (FBAR & FATCA), it is important to evaluate the entire cross-section of accounts. This includes the Demat account. Oftentimes, shares and other securities that were previously held as a physical share are transitioned into Demat.
Even if the Demat is dormant (not active) and not generating any income, it is still reportable. If a taxpayer is out of compliance, they may safely get into compliance by using one of the offshore amnesty programs. Let’s review the Demat Accounts & US Tax compliance rules.
Видео India Demat Accounts US Tax & Reporting - FBAR, FATCA & More канала Golding & Golding. Offshore Tax. Board-Certified
Demat Account US Tax & Reporting
Demat Accounts & US Tax: When a U.S. person has accounts in India that meet the IRS threshold for offshore reporting (FBAR & FATCA), it is important to evaluate the entire cross-section of accounts. This includes the Demat account. Oftentimes, shares and other securities that were previously held as a physical share are transitioned into Demat.
Even if the Demat is dormant (not active) and not generating any income, it is still reportable. If a taxpayer is out of compliance, they may safely get into compliance by using one of the offshore amnesty programs. Let’s review the Demat Accounts & US Tax compliance rules.
Видео India Demat Accounts US Tax & Reporting - FBAR, FATCA & More канала Golding & Golding. Offshore Tax. Board-Certified
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3 апреля 2021 г. 0:00:41
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