An H-1B family catches up on Indian account reporting
The family held NRO accounts and fixed deposits in India but had never filed FBARs or reported the interest.
What we did
- 1Gathered maximum balances and interest for every account
- 2Prepared amended returns with foreign tax credits
- 3Filed under the IRS streamlined procedures for non-willful taxpayers
The result
Fully compliant — without the steeper penalties that can apply to unreported accounts.
Fully compliant