Gifts, regardless of where they are from, are not taxable to the recipient. They may be taxable to the giver depending on where the giver resides. Since your parents live outside the US they should check the gift tax rules where they live. If they lived here in the US they could each give you up to $13,000 per year (total $26,000) without needing to file a gift tax return. The filing of a gift tax return in the US does not mean there is a tax to pay, just that the need to file a return has been triggered. It may be important to your parents to check local tax rules to see where they stand in their country. You, on the other hand have no issue here. I would suggest they send the funds in the form of a check or money order for safety and to permit record keeping on both sides of the transaction in case it is ever questioned.
I am not sure I understood. Do I have to report this gift to the IRS or not? Is there an amount limit? What is the maximum amount of money that a us citizen can receive from abroad without incurring into a tax?
There is no reporting requirement imposed on the receiver of a gift?
How about form 3520?