Definition

The FBAR (FinCEN Form 114) must be filed by U.S. persons — including many visa holders — whose combined foreign financial accounts exceed $10,000 in aggregate at any time during the year. It is informational, not a tax, but penalties for failing to file can be severe. It is filed separately from your tax return.

1. H-1B Visa Holders: A Complete Guide to Personal Finance in the US

   Managing money on an H-1B visa involves unique challenges that most standard financial advice does not address: dual-country tax obligations, visa-dependent career planning, and investments that do not translate internationally.
   immigrant finance

1. FATCA (Foreign Account Tax Compliance Act)

   A U.S. law requiring reporting of certain foreign financial assets, often via Form 8938.
2. Substantial Presence Test

   The IRS day-counting test that determines if you are a U.S. tax resident.
3. NRO Account (Non-Resident Ordinary)

   An Indian account for non-residents to manage income earned within India, with limited repatriation.