NRIs Investing in India

NRIs Investing in India: Keep out of trouble by being aware of US Tax and FBAR Issues & Penalties

Protect yourself from the increasing implementation and enforcement of the US Treasury and IRS Tax rules and Regulations pertaining to international accounts and investing. There's much happening these days with Indians in the US who hold investment accounts in India. You may have seen that HSBC has been asked by the US Department of Justice to reveal Indian accounts held by US Citizens and residents. Or perhaps that a New York NRI recently pleaded guilty to tax evasion and faces a possible prison term. It's important to know how to report your foreign investments and bank accounts accurately and the tax laws that govern them from a US point of view. The deadline for reporting your 2010 accounts is June 30. There are no extensions.

A panel of internationally experienced lawyers, accountants and investment managers will explain the important issues to be aware of: Foreign Bank Account Reporting rules and how to best deal with coming into compliance, unfavorable taxation of certain investments such as overseas mutual funds, and how to most favorably handle foreign investments for an optimal legal and financial outcome. The panel will discuss commonly used tax structures and how best to deal with the reporting complexities to help you avoid being caught up in an audit, facing large penalties.