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you would NOT have to pay any type of tax, since under IRS regs, the donor is responsible for any tax due, not the recipient
However, since your mother is not a US citizen or Resident alien, she is not required to file any gift tax form (or any other form)
I am the mother who wants to send to her daughter of $150,000 as a gift to finance her purchase of an apartment. My daughter is an American citizen and I is a citizen of Russia. Waht would be tax implications for my daughter?
I'm sorry that I just assumed that it was the recipient that would be asking......
No, I am writing you from Mosocw, but O.K. I am consern with my daughter who will be a receiver of money
I am looking at current IRS regs to finish my answer to you.....please wait just a moment?
Dear XXXXX, the US Tax Law is not very clear on that. Waht about limitations of the amount received by an American as a gift from abroad
That's what I was looking for........the $ amount
Your daughter would need to file Form 3520 if she receives more than $100,000 dollars from a non US citizen
This form has NO tax associated with it
it is just an information form for the IRS
Thank you very much
I gave you the link to the form, but again, this is an informational form only
You are most welcome
Is there anything else I can help you with tonight?
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