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I have a question about the annual gift tax exclusion of $14.000

per gift recipient. Does it...
I have a question about the annual gift tax exclusion of $14.000 per gift recipient. Does it also apply if the donor is a non-resident alien?

thanks
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Answered in 3 hours by:
7/11/2013
Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 4,445
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Welcome and thank you for giving me the opportunity to assist you with your tax question.

 

Yes. Nonresident aliens, just like U.S. persons, may avail themselves to the annual exclusion for gifts of present interests. However, unlike U.S. persons, nonresident aliens are not eligible for any lifetime gift tax exemption amount for gifts in excess of the annual exclusion limit.

 

Please let me know if you require further information or clarification. Thank you.

Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 4,445
Experience: 20+ years of experience in tax preparation; 30+ years of experience as a real estate/corporate paralegal.
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Hi, Paul.

Just a short note to thank you for the "excellent" service rating. It is most appreciated. If you have any questions in the future, please feel free to put "for bkb1956" in the subject line, and I will be happy to assist you. Recommendations to family and friends are always most appreciated.

Thanks again, and best regards,
Barb
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