If you are a US citizen residing in India, your Indian banks must have probably issued you some forms requiring disclosure under FATCA requirements. These forms look like an extended KYC (know your customer) form
In general, if a US person receives gifts, bequests or inheritance from a foreign person, it is excluded from gross income and are not subject to tax. However, if the amount received exceeds a certain
As a US citizen, is your global income subject to US taxation ? Yes, if you are a US citizen or a resident alien, then you have to offer your global income on your US
Treating a non resident spouse as a resident for tax purposes is allowed provided the other spouse is a US citizen or a resident alien. But make sure you understand the rules once you make
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