r2i forum

@nehad, as I mentioned, I'd filed for OVDP. The IRS is asking if the Indian MFs are subject to PFIC while processing my case. There's nothing extraordinary in the notice, just this question and two umother things related to my OVDP filing.

Hi, I'm living in the U.S.A for about 6 years now. In 2012, I found out that income in India is taxable in the U.S. that I've not been declaring in my tax returns because I didn't know. All my Indian income was from bank interests and MF investments, so nothing substantial. I closed out all the ...