pk
Level 15
Level 15

Get your taxes done using TurboTax

@raj13 ,  yes for the year 2020 ( sometime in  March , based on the exact date  ) you will pass the  Substantial Presence Test  and therefore be classed as  Resident Alien for Tax purposes.  This will mean  you will be subject to FBAR and FATCA rules.   Assuming that by foreign account you mean a liquid account (  you own  or you have signature authority only )  with a value of  equal or more than US$10,000  at anytime during the year, you need to file  form 114 at www.FINCEN.gov -- it is an online only form.  It is painless to fille out every year  that you are  subject to FBAR rules.   TurboTax does not support this form  but will ask you if you have a foreign account and if you are required to file the form 114.

Note that 2019, you are still a Non-Resident Alien and need to file form 1040-NR ( not supported by TurboTax  ) -- use SprinTax or a tax professional familiar with international  filing.

 Which country are you from  ( India ? )

 

Namaste ji