As an H1B holder, do I have to declare my investments back in India while filing my US taxes? Any info would help

like
Posting as :
works at
You are currently posting as works at

It all depends on your specific circumstance however - find a good CPA to help you or answer your turbotax honestly

like

I thought factca applies only once u have green card

like

It depends - if you are a 1040 filer (not 1040NR) then you have to report all your world wide bank accounts and foreign assets

Look up FBAR and form 8938

Some pretty big fines potentially if FinCEN finds you have not been reporting properly

Roll the dice

All the black money as well! JK

Related Posts

Anyone here working in the NYC area? Wondering how you manage to save and buy for a house with such a high cost of living in the city and the suburbs around it. How did you do it? And areas that you would recommend looking at. I’m currently 24. Maxing out all retirement accounts, debt free and have 6 months emergency fund. Looking for areas to buy a house in the future, but getting discouraged with these crazy prices

like

How do you get in on an IPO with a basic Vanguard brokerage account? Do I have to place my order at 9:30 or can I do it beforehand?

like

Is it a good idea to invest in your UK pension fund over the max your employer will contribute/match? This may potentially lower income tax but then one can't really access the pension pot till retirement. Or is it better to invest post-tax income into a stocks and shares ISA to avoid capital gains tax? TIA!

like

If you didn't have to pay off any more of your student loans what would you use the money for instead? I'm stuck between something impractical like a trip somewhere or something I need like a new car lol

like

How much percentage of your Salary do you Save/Invest?

like

I grew up poor and was obsessed w financial security. After investing my blood, sweat and tears into my career for years, I’ve decided I don’t care about my career or earnings as long as I have enough to support my family. We are happier than ever making less and saving little. I wasn’t there when my mom was sick and died because I was working and my employer didn’t allow me to be in a mental headspace to be a good person for my family. I can never change that but I can be better going forward.

likeuplifting

Just got an offer to upgrade my Amex Gold to Platinum with a 100k point bonus (spend $6k in 6 months). Is this worth it to upgrade to platinum? Would you do it

likesmart

Phone and Internet bills reimbursement claim in Grey HR. With this claim are we getting Income tax exemption or reimbursement of cost. Can someone clarify it.

like

Any thoughts on PIC? The stock rose significantly in after hours on news of XL fleet merger. Does it still make sense to invest in it at ~$18?

like

What is the difference in subscription to notified and subscription to approved mutual funds?

like

Anyone doing any crypto credit cards? I still think BofA platinum honors is the best since it’s the most cash back that can then be converted. Anyone have any other clever ways to earn lots of crypto passively (lolli, DeFi, mining, etc)?

like

Ally bank dropping rates again. CD a good choice?

Could PwC employees invest in Vanguard funds (passively managed)?

Let’s talk poverty in BigLaw! Do you think it exists?Have you heard of any stories that would indicate some partners in your law firm are living paycheck or paycheck? Years ago, we had an equity partner pass away, and their windowed spouse was seeking contributions for the kids’ college education, suggesting the partner hadn’t saved for college... Still haunts me to this day.

like

Hii sharks 🦈🦈🦈🦈

Can anyone of you please help in calculating how much will be my income tax per month(I am availing the Old tax regime)? Different IT calculators show different figures, not sure which is correct :(

And as for the interest amount in the Savings Account and Fixed Deposits, do both fall under "Income from Interest"? Or under "Other Income"? Or does Interest amount in Savings account fall under "Interest from Deposits - 80TTA"?

The figures are given in the screenshot 👇🏻

Post Photo
like

Coin a buy ?

like

I'm going to accept an offer that's 150k+🎉 I'm a single filer, no kids. I'll be able to max out: 401k, HSA, but from my understanding, I will not qualify to utilize IRA? Aside from building a 6-month emergency fund (HYSA), what are potential next investment vehicles? I do know I want to start purchasing real estate for cash flow. But what about mega-backdoor Roth IRA? I'll admit, I still need to read more on it.

Just curious what investment vehicles you're using to get to FIRE.

like

Does anyone know impact to h1b employees when a company is wholly acquired? As some of you know now, Navigant is being acquired by guidehouse. Does a new petition need to be filled now?

More Posts

Thinking of buying ALL coins for $1000 each. Am I crazy?

smart

I’m worried that my voice, communication style, and body language comes across as too effeminate for our straight clients and peers. I’m transitioning to sales now and am insecure that my personality and appearance may hinder sales gen? Client industry is very old school. Can LGBT partners//Ds/MDs chime in how they managed the same transition?

like

Buying my lotto ticket for Friday, preparing to flip the bird to BigLaw and then buy a bird ✈️, Yakt 🛳 and estate 🏚🏘

likefunny

Friday Wordle

Wordle 412 5/6

⬛⬛⬛⬛🟨
⬛⬛🟨🟩⬛
🟩🟩⬛🟩🟩
🟩🟩⬛🟩🟩
🟩🟩🟩🟩🟩

like

Does LTI provide reimbursement for WFH setup ?

like

Privacy fish - Anyone taken the CIPM and can share what the exam is like?

Content outline seems like application of standard consulting approach, so how do they test it on an exam?

Am searching to hire a digital sales rep on a contract base(in the US) experience from 3 to 5 years. Fully remote, Base 36k, current sales rep is making between 4000 to 12000 usd per month from commision only. It is an evening shift. Let me knkw if you are interested or know someone who might be. It's urgent hiring so you can start immidiately if hired.

like

Let’s finish this up strong! What are your year-end self development plans?!
We have our last session of the year of our group/guest financial education cycles at our Downtown Toronto office this Saturday. We go through our first financial education session that we talk about basic to higher level of financial information; from saving, investing, risks and returns, registered accounts, etc. There is no cost and no obligation. If you are interested to attend in-person or via Zoom, let me know.

Post Photo
like

Hi.. I am happy to join here. Seems to be an amazing platform.

like

A production I worked on is $250k in the hole and owes a bunch of crew members money including myself. Looks like they just missed a big deadline to keep from going belly up. What should we do?

What's the salary range for Manager position at Morgan Stanley .
Yoe: 4 Yrs.
Stack: Java.

Do we really get 15% variable pay ?

like

Tata Consultancy Infosys Cognizant Wipro I have completed all the technical and HR rounds and salary discussion, documents submission also done. But all of sudden got mail from hr saying that my profile is kept on hold. Any possibility that I will receive offer letter or it will be in hold forever? Meantime can I attend interview for other positions in hcl?

like

What do you do when you need a break from the news during the day? Sometimes I find it hard to step away even for a 30 min lunch

like

Is there anything you would change about the career path you took in the industry?

like

Do you have advice for making industry connections as a fairly anti-social introvert?

like

Hey Logistics/Supply Chain Folks! 2021 was full of challenges in virtually every facet of the supply chain. What gives you all optimism for 2022?

For me it is how agile cross-functional teams with archaic tendencies have had to be to overcome! I hope that continues into 2022

like

The voice of an outlook email notification gives me anxiety. Does anyone else feel this way or know how i can calm myself? This is a new feeling

like

Comforting others:
When someone tells me bad news regarding their health, I say everything I am supposed to say (I’m sorry to hear that, I’m here for you, etc) EXCEPT “everything is going to be ok”. Because I can’t guarantee that and I really don’t know if everything is going to be ok. I was taken aback recently when a friend told me I am calloused and cold-hearted for not being able to say those words. Is she right? Should I start saying this for the purposes of providing comfort only??

like

Any tips to prolong nail polish wear? My nails chip in less than 2 days with regular nail polish. I don’t want to get gel or powder because they ruin my nails and I only want to have my nails polished occasionally.

like

Do you work on a single brand only or multiple (how many)?

like

Additional Posts in Consulting

Hello,

Currently, in accenture. I have had very bad billable hours and not much achievement this fiscal year. I am worried of getting fired, so i applied for another job. Got offered may be 5% above my current pay with 5k bonus, but in lower level at Deloitte. I think working lower level will give me more opportunities to learn as i think i have lot to learn. I made decision based on my gut and accepted the offer. I have not talked to anyone on accenture side yet. What you think?

likesmart

Any idea how much does Deloitte UK offer maximum for a senior consultant for non-London please? Just want to know how much negotiation room I have. Years of experience 11+

like
likeupliftingfunny

What motivates you to get out of bed in the morning?

likehelpful

In America there are two classes of travel: first class, and with children ~

like

Any Nashville based EY people here?

like

Delloite folks,

What do "Process completed" and "In Process" statuses mean on my Deloitte applications?

I just recently applied for the roles and the statuses changed today.

Post Photo
like

If it has an F in front of it, I probably love it - except Florida, that place is terrible.

like

Moving from a boutique (<30 employees, MBB competitor) to the strategy practice of a Big 4. Have only worked for boutiques in the past, so I’m expecting there to be some major differences in terms of working style.

What are the major differences and ‘watch outs’ you would point out to me? Could be anything from culture, to red tape, to compliance etc.

likefunny

Any tips to get a referral from a networking call? Would you directly just ask the person to refer you?

like

What is the best consultancy for Media and Entertainment work? Considering a move…

like
funnylike

what do you do and say to your PM if you can't meet a deadline? 😬

like

Consultant in Advisory. YE rating: 3. What should I expect for a salary raise?

like

Messi retires?!!Noooo,no no no, don't do this champ! C'mon! #GOAT

like

Any book recommendations for the summer vacation season? What's your favorite book over the last year?

like

What’s the best ergonomic mouse y’all recommend? Can you please provide a link? TIA

like

Is getting the FRM (Financial Risk Manager) Certification worth it? I could see it opening many doors but should I just shoot for my MBA instead? Have about 3 YOE

like

FAANG folks - what are Facebook/Google roles like Country Lead/Industry Lead equivalent to? Are these Director level roles? What sort of compensation can you expect in something like that role?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal