NPS reporting to IRS

Forum|Forum|4 months ago
February 8, 2026
1 reply
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I have Indian bank account

Savings Bank, Fixed deposits, Stocks, Mutual funds. I will be reporting all of them to IRS via the FBAR form.

I also have NPS and PPF for which I am making active contributions. Do I report it to IRS using Form 3520 or just the FBAR is sufficient?

I am also making active contributions to Mutual funds. Do I need to report these contributions?

pk_

Level 15

@sumanthmvis Namaste ji

(a) Are you on work visa or long-term US person ( citizen/GreenCard ) ?

(b) FBAR is filed ( and ONLY on-line ) at Fincen.gov -- form 114 . It covers liquid asset i.e. bank assets. Generally the threshold is US$10,000 ( aggregated over all bank accounts ).

(d) For a comparison of FBAR and FATCA requirements , see this --> Comparison of Form 8938 and FBAR requirements | Internal Revenue Service

(e) If you are not here temporarily, please re-consider owning Mutual Funds in India -- these may be classed as PFIC ( Passive Foreign Investment Company ) resulting in requiring you to recognize annual growth and therefore being taxed. There is a lot of information on PFIC at financial sites -- PFIC Tax Rules: What Expats Need to Know About Foreign Funds

(f) why are you referring to form 3520 --- do you own a foreign trust or receive distribution from one ?

Please answer my questions and I will circle back --yes ?

If you wish for privacy , consider using PM ( just NO PII -- Personally Identifiable Information ). , else just add to this thread.

Is there more I can do for you ?

Namaste ji