Skip to main content

Hi, should I pay tax in the US for the interest earned through a savings account in India? I am on H1B and a resident alien.

South Plainfield, NJ |

The amount in the saving account was the income earned by me, when I was working in India. Also, should I declare that account through FBARS? I did not have to pay tax for that interest earned in India, as that amount was below the income tax exemption limit in India.
Thanks.

+ Read More

Attorney answers 3

Posted

You are either a resident alien or on an h1b. You cannot be both. Either way, this is a question for a CPA or tax attorney.

Posted

Probably better to ask a tax attorney or accountant.

Posted

This is not an immigration question. Check with a tax attorney