Consult Us on FBAR and India Accounts
Most problems with Indian accounts come from one of three gaps: the account was never reported, the wrong form was used, or the numbers do not agree across the FBAR, Form 8938 and the income tax return. We review your accounts, sort out which forms apply, and help you choose a path that fits your history.
What we help with
FBAR review and filing
Threshold analysis for each year, account listing, currency conversion using the required method, and e-filing support.
Form 8938 coordination
Checking FATCA thresholds and making sure the figures match your FBAR and return.
PFIC and Form 8621
Identifying PFIC holdings, calculating the regimes available, and preparing Form 8621 where needed.
Insurance and ULIP review
Cash value, fund switches and the PFIC analysis for life insurance and unit-linked policies.
EPF and PPF trust review
FBAR treatment, the deemed trust question, and whether Form 3520 or 3520-A applies.
Past-year correction
Options for years that were not reported, including amended returns and delinquent filing procedures, based on your facts.
How it works
- Intake: You share a list of accounts and products by year, and the balance records you have. Do not send PAN, Aadhaar, passport or full account numbers through this website.
- Review: We identify the forms and years in question, and flag the items that need a closer look.
- Options: You receive a written summary of the options, their costs and their risks.
- Filing: With your approval, we prepare or review the filings and explain each step.
- Going forward: We set up a calendar and records so the next year is simpler.
Who we are
Consultations are provided through Prem Tax and Accounting Corp, Aurora, Illinois. The firm's credentials are listed at SmallTax.com.
Engagements are documented in a written agreement. Fees are quoted after intake, based on the number of accounts and years. We do not guarantee a particular tax result or penalty outcome.
Call the number shown at the top of the page to request an intake. Or use the form on our contact page. Online intake forms will be added once secure submission is live.
This page describes services in general terms. Nothing on this site creates an engagement until a written agreement is signed. Professional services depend on the relevant credentials and licenses of the person performing them. Consult the policies page for terms.