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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15732
Experience:  15years with H & R Block. Divisional leader, Instructor
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In the US, what are the implications of receiving a gift from

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In the US, what are the implications of receiving a gift from a non resident alien? Are there any obligations to file any forms? Any treshold to do so?

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Robin D : Hello and thank you for using Just Answer,
Robin D : Yes
Robin D : The threshold to report are gifts over $100,000
Robin D : If you receive a gift from a non resident that is more than $100,000 you are required to report the gift using form 3520
Customer: This US person who is receiving the gift is a resident of the state of California. Any other details or effects?
Robin D : California has no gift tax
Robin D : There are only federal requirements
Customer: no reporting as in federally?
Robin D : The form 3520 (I posted above) is a federal form
Customer: The reporting is for individual gifts or cummulative gifts within a tax year?
Robin D : There is no tax to the US person
Robin D : just reporting
Robin D : That is correct
Robin D : All gifts in the year
Robin D : cummulative
Customer: Ok! thank you very much
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