4SV
New Member

Retirement tax questions

Namaste pk ji

 

Thanks for your response.

 

My parents got their US Green Card (Permanent residency) in July 2023. Port of entry and state of residence is Texas. They have been in Texas from Sept5, 2023 from India.

 

As per bullet 4) of your answers, India does have a Tax treaty and that implies I can file for foreign tax credit on Federal tax filing. Texas does not have state taxes.

 

On bullet 6) of you answers, I understand FBAR filing of foreign bank accounts if total amount exceeds $10,000. I will double check that.