Can I use TurboTax from India?

It is true that unless you have a major credit card with a United States billing address, then you cannot direct purchase the TurboTax software directly from us, or use the internet version we offer over our website. Unfortunately, at this particular time, we cannot accept credit cards with non-US billing addresses.

Which version of TurboTax do I need for foreign income?

If you have Foreign Earned Income then you will need the TurboTax online edition of Deluxe or higher. If your income is only from a US source then start with the Free edition and upgrade as required when entering your tax data. Any of the TurboTax desktop CD/Download editions support entry of Foreign Earned Income.

Does TurboTax do international taxes?

Yes, TurboTax will prepare U.S. or state returns for its expats. The following posts have some overlap but together they cover how to report foreign income, exclude foreign income from U.S. tax and how to get credit for foreign taxes you paid.

What is the equivalent of a w2 in India?

Form 16
If you are a salaried employee in India, the standard form you require to file your IT returns is the Form 16. The same function is served in the American tax system by the W-2 form.

Can I use TurboTax as an expat?

TurboTax is designed specifically for US taxpayers living and working in America. This means that their support for US Expats is limited because they are “Tax Prep USA Support.” So questions like “how to pay us taxes from abroad” may be tricky for TurboTax to answer.

Can non citizens use TurboTax?

TurboTax cannot prepare Form 1040NR or 1040NR-EZ for non-resident aliens. TurboTax can only prepare returns for US citizens and “resident aliens for tax purposes.” TurboTax has a partner for preparing non-resident alien returns called Sprintax (one “t”).

Can I use TurboTax if I live abroad?

Yes, if you are a US citizen or resident wanting to file US taxes, you can use TurboTax even though you live overseas. Per IRS, if you lived outside United States for at least 330 days during 12 consecutive months, you might be able to exclude your foreign income from your taxes.

How does IRS verify foreign income?

One of the main catalysts for the IRS to learn about foreign income which was not reported, is through FATCA, which is the Foreign Account Tax Compliance Act. In accordance with FATCA, more than 300,000 FFIs (Foreign Financial Institution) in over 110 countries actively report account holder information to the IRS.

Can I use TurboTax in a foreign country?

Yes, if you are a US citizen or resident wanting to file US taxes, you can use TurboTax even though you live overseas. After the exclusion, If you pay foreign taxes to both US and the foreign government on the same amount of income, you can take a foreign tax credit.

Do I owe taxes in India?

Levy of income tax in India is dependent on the residential status of a taxpayer. Individuals who qualify as a resident in India must pay tax on their global income in India i.e. income earned in India and abroad. Whereas, those who qualify as Non-residents need to pay taxes only on their Indian income.

What is W9 India?

W-9: Download PDF: Link opens in a new window: This is a link to the withholding certificate referred to as a ‘W9’ on the IRS website. This form is completed to confirm US tax status. This form is completed to confirm US tax status.

Does TurboTax file FBAR?

You don’t file the FBAR with the IRS or with TurboTax. It must be filed directly with the office of Financial Crimes Enforcement Network (FinCEN), a bureau of the Department of the Treasury, separate from the IRS. TurboTax does not file the FinCEN.