U.S. & India Tax Filing
for NRIs Living in America
Holding Indian bank accounts? Own Indian mutual funds? Planning to move back to India someday?
We help NRIs file correctly in the U.S., without missing FBAR, FATCA, or PFIC rules.
100% Compliant
FBAR · FATCA · PFIC
Do NRIs living in the U.S. have to file taxes in both countries?
Often, yes. If you are a U.S. tax resident (green card holder, or on H-1B or L-1 and meeting the substantial presence test) you report worldwide income, including Indian interest, rent and capital gains, on your U.S. return. You may also need an Indian return. Tax paid in India is usually credited on Form 1116, so the same income is not taxed twice.
| FBAR (FinCEN 114) | Required if your foreign accounts together exceed $10,000 at any time in the year. Due April 15, 2027, automatically extended to October 15, 2027. |
|---|---|
| Form 8938 (FATCA) | Single filers living in the U.S.: over $50,000 on December 31 or over $75,000 at any time. Married filing jointly: $100,000 or $150,000. |
| Indian mutual funds | Usually PFICs, reported on Form 8621 each year, with punitive default tax if handled wrongly. |
| Foreign tax credit | Claim tax paid in India on Form 1116, under the India-U.S. tax treaty. |
Official sources:IRS: Substantial presence testIRS: FBARIRS: Form 8938 vs FBARIRS: Form 8621IRS: Form 1116
Updated October 2026. General information, not advice for your situation.
Moving to the U.S. changes everything.
As an Indian immigrant in the U.S., you may now be:
We bridge both worlds.
Most U.S. CPAs don't understand Indian tax structures. Most Indian CAs don't understand U.S. reporting.
U.S. Tax Law
IRS compliance & filing
Indian Tax Law
Cross-border structures
Comprehensive NRI tax coverage.
From FBAR to RNOR, we handle the most complex NRI tax situations with precision.
Indian Bank Accounts (NRE / NRO)
If your total foreign account balance exceeds $10,000 at any point, you must file FBAR (FinCEN Form 114). Penalties for non-filing can be severe, even if no tax is owed.
We ensure full compliance.
FATCA (Form 8938)
Indian bank accounts, brokerage accounts, foreign pension accounts, and ownership in Indian entities must be disclosed under FATCA.
We determine whether you must file, and prepare it accurately.
PFIC Filings (Indian Mutual Funds)
Most Indian mutual funds are classified as PFICs under U.S. tax law. Without proper Form 8621 filing, gains can be taxed at punitive rates with interest penalties.
We handle PFIC calculations properly, including elections and annual reporting.
Indian Rental Income
Own property in India? We help with reporting rental income in the U.S., claiming Foreign Tax Credit, avoiding double taxation, and currency conversion handling.
No double taxation on your Indian property.
Foreign Tax Credits (India–U.S. Treaty)
Paid tax in India? You may be able to reduce your U.S. tax using the Foreign Tax Credit. We ensure proper credit calculation and treaty benefits applied correctly.
Maximize your treaty benefits.
RNOR Planning (Returning to India)
Planning to move back? RNOR status impacts tax on foreign income, timing of stock sales, repatriation of U.S. assets, and investment account structures.
We help you plan your exit strategically, before relocating.
Built for NRIs like you.
We work with Indian professionals across every visa type and life stage.
Built by cross-border tax professionals
Our team understands both U.S. and Indian compliance frameworks.
David
Vishwesh
Jithendra
Robert
Pavan Pullugulla
9 reviews
"They are really good at handling taxes. Starting from reaching out and helping with estimates and then proceeding with final submission, everything felt smooth and good."
a week ago
Srujana Dusari
1 review
"I've had a very positive experience with Lesser Tax. They are highly professional, listened to our concerns, and provided solutions accordingly. I especially appreciated the tax strategy planning reports they shared with us this year — they took the time to discuss everything in detail and offered valuable suggestions."
3 months ago
Shawn Benny
2 reviews
"I had a great experience working with Danish and the Lesser Tax team to file my 2024 taxes. They were incredibly responsive and took the time to answer all my questions thoroughly. One of the standout aspects was the expert review after I had input all my information. I highly recommend Lesser Tax if you're a self-employed freelancer or need reliable support for your business taxes."
11 months ago
Yamini Swetha Gudibandi
1 review
"I had a great experience with Lesser Tax. They were reliable, thorough, and genuinely cared about helping me get the most out of my tax refund. What really stood out was how they took the time to explain everything and gave me practical tips to plan my income better and save on taxes. It didn't feel like a one-time service — they helped me think long-term."
a year ago
Suvashis Nandy
10 reviews · 1 photo
"Lesser tax has been phenomenal working on my complex tax filing. Their knowledge of the subject is too wide and vast which helped me structure and accurate filing of my taxes besides the smoothness and easy filing process."
a year ago
Kandagatla Alekya
1 review
"I had a fantastic experience with lesser Tax. The team was professional, knowledgeable, and incredibly patient in answering all my questions. They ensured every deduction and credit I was eligible for was accounted for, and the process was smooth from start to finish. Their attention to detail and quick turnaround time gave me complete peace of mind. Highly recommend their services for anyone looking for tax filing!"
a year ago
Clear guidance. No surprises.
From document upload to year-round compliance, we handle every step.
We assess your U.S. residency status
We determine your tax residency, identify required disclosures (FBAR, FATCA, PFIC), and map your India + U.S. filing obligations.
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We prepare and file accurately
Your dedicated tax professional handles all cross-border forms, treaty calculations, and ensures every filing is accurate and compliant.
FBAR & FATCA disclosure
PFIC calculations
Treaty credits mapped
Ongoing compliance support
We stay with you year-round for continued compliance, planning, and any changes in your residency or financial situation.
CPA/EA Review Complete
All cross-border forms verified
Filed with IRS
Federal, state & FBAR submitted
Year-Round Compliance
Ongoing cross-border support
Everything included. One flat fee.
Annual tax preparation and filing, year-round planning, and equity advisory, all included in your personalized plan. No hourly billing. No surprise charges.
Essential
Ideal for W-2 employees with straightforward tax needs
INCLUDES:
- Federal & State Filing
- W-2 & Bank Interest
- Annual CPA Check-in
- Basic Deductions Review
- Standard Support
Premium
Tech professionals with equity compensation & complex income
EVERYTHING IN ESSENTIAL, PLUS:
- RSU / ISO / NSO Planning
- Semi-Annual CPA Check-ins
- Foreign Reporting (FBAR / FATCA)
- Home Mortgage Optimization
- Priority Support
Private Client
Founders, investors & business owners who need proactive strategy
EVERYTHING IN PREMIUM, PLUS:
- Quarterly CPA Strategy Calls
- Business & Rental Income
- Trust & Estate Planning
- Advanced Tax Strategies
- Dedicated Account Manager
We'll recommend the right plan before you commit.
Frequently Asked Questions
Have more questions? Write us at use@lesser.tax
Yes. We focus on cross-border tax compliance for Indian immigrants in the U.S. Our team understands both U.S. and Indian tax frameworks, from FBAR and FATCA to PFIC and RNOR planning.
There are IRS programs available for catching up on missed FBAR filings. We can help you understand your options and get compliant without unnecessary risk. Penalties for willful non-filing can be severe, so it's important to address this proactively.
Yes. Most Indian mutual funds are classified as PFICs (Passive Foreign Investment Companies) under U.S. tax law. Without proper Form 8621 filing, gains can be taxed at punitive rates with interest penalties. We handle these calculations properly.
Absolutely. We help with RNOR (Resident but Not Ordinarily Resident) planning, timing stock sales, structuring investment accounts, and repatriating U.S. assets, all before you relocate.
Yes, we work with F1, H1B, L1, O1 visa holders, Green Card holders, and dual-filers. Your visa type affects your residency status and filing requirements, and we account for all of this.
U.S.–India tax rules are complex.
Penalties for mistakes are real. Most NRIs are unknowingly non-compliant.
FBAR. FATCA. PFIC. RNOR. Handled correctly.