Thank you! In that case there would be no U.S. tax on either of you. As a non-U.S. citizen, you are not subject to U.S. gift tax
. And, there is no gift tax on recipients. And, since this is a gift and not income, there are no income tax
implications. But, your kids will have to file Form 3520 with the IRS for any gifts to each of them in excess of $100,000 during any calendar year due to the money coming from outside the U.S. This is only a reporting requirement, however, and no tax will be due with the report.
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