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Should we report Under $100000 gift in 1040 tax form thank
should we report Under $100000 gift in 1040 tax form thank you … read more
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What are the limitations or implications of money received
Hi. What are the limitations or implications of money received by a wire transfer as gift from family from overseas?… read more
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If i give my adult son 100000 towards the purchase of a home
if i give my adult son 100000 towards the purchase of a home that i will be staying in shortly will there be a gift tax involved. I have never gifted money before… read more
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my parents are non us citizen, resident or live in the US .
my parents are non us citizen, resident or live in the US . I am a us citizen living in the US. I understand I need to report form 3520 if a gift is above $100,000. but if my parents wire me money and… read more
Robin D.
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Inheriting about 100000 Dollars of my parents...who lived in
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Hello, Gift from abroad in 2011 by non US citizen and non
Hello, Gift from abroad in 2011 by non US citizen and non US resident to a US citizen. In this case no on pays taxes but if the gift is more than 100000 it needs to be reported in form 3520 to the IRS… read more
Lev
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I live in chicago. Hypothetically, say my dad gives me $75000.
I live in chicago. Hypothetically, say my dad gives me $75000. Do I have to report this to IRS or pay federal tax on this? Does my dad have to pay tax on this eventhough he does not live or earn in US… read more
Merlo
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i gave an acquaintence $90k in financial help in 2009.i believe
i gave an acquaintence $90k in financial help in 2009.i believe i have to report this to the IRS via a 1090 form?i believe i can gift up to $13k without penalty to either party?how do i handle the rem… read more
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Is it legal to give a tax free gift of $13,000 to ten different
Is it legal to give a tax free gift of $13,000 to ten different people and then they each give the $13,000 to one person so he ends up with an unreportable tax free $130,000?… read more
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if someone gives me $40K Cash, do I have to report it for taxes Also,
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I have a condo that has been a rental property since I purchased
I have a condo that has been a rental property since I purchased it in 1995 for 50,000 I would like to sell it to my brother for 100,000 but I am giving him a gift of equity of 20,000 so he doesn't ne… read more
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Good Morning, My Question Is, If someone gives me a cash gift
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is persoal check written by foreigner in usa bank giving
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Grandmother a NRA living abroad wants to transfer USD50000
Grandmother a NRA living abroad wants to transfer USD50000 from her US account to grandson, a US citizen, to pay for graduate school- Is there any gift tax? Does the grandson owe any tax?… read more
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if my grandmother gives me a 100000 home what is she liable ...
if my grandmother gives me a 100000 home what is she liable for in gift taxes and how do i avoid them… read more
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