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pf and gratuity amount to be declared?

Discussion in 'General Discussions - USA & Canada' started by pats, Aug 5, 2013.

  1. pats

    pats New IL'ite

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    Hello ladies,

    we moved to US from India couple of months back. Me and my hubby both were working in India. I resigned from job and joined my hubby to US. Both of us have got PF and gratuity amount in india while leaving. As we are new to US Tax systems, does anyone know if we have to declare the amount we got in india as our income while filing tax in the US? I dont know, but read some forums where they say if you dont do so, the penalties are very high in the US.
    Does anyone know about this?
     
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