Hello, THANK YOU for choosing Just Answer. My goal is to help make your life...a little...LESS taxing.
In brief, this is not a taxable event. As this will be your husband's own money and he is not receiving it as a gift from a foreign
person, the form 3520 will not apply to his situation. However if he is physically going to be transporting money here from Israel personally, or by some other means of physical transport, he will be required to complete a FinCen 105 Form
. REPORT OF INTERNATIONAL TRANSPORTATION OF CURRENCY OR MONETARY INSTRUMENTS.
Link to form/instructions:
WHO MUST FILE:
(1) Each person who physically transports, mails, or ships, or causes to be physically transported, mailed, or shipped currency or other monetary instruments in an aggregate amount exceeding $10,000 at one time from the United States
to any place outside the United States or into the United States from any place outside the United States, and
(2) Each person who receives in the United States currency or other monetary instruments In an aggregate amount exceeding $10,000 at one time which have been transported, mailed, or shipped to the person from any place outside the United States.
PLEASE NOTE THAT A TRANSFER OF FUNDS THROUGH NORMAL BANKING PROCEDURES, WHICH DOES NOT INVOLVE THE PHYSICAL TRANSPORTATION OF
CURRENCY OR MONETARY INSTRUMENTS, IS NOT REQUIRED TO BE REPORTED.