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A nonresident alien live in USA for more than 180 days, thus
a nonresident alien live in USA for more than 180 days, thus for tax purpose she file form 1040 instead of 1040NR. Does she need to file all the disclosure such as bank Form 114, foreign assets disclo… read more
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Last year I received cash gifts via bank transfers from two
Last year I received cash gifts via bank transfers from two people in China as wedding gifts. One for $100,000 and another for $50,000. Do I need to file any forms or pay any taxes? Thank you.… read more
emc011075
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my wife is to receive a lump sum of money from a foreign government that is owed to her deceased father. She will also receive his pension. In that country, she would not pay income taxes on this mone… read more
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Thank you in advance for answering my question. My question is regarding international taxes. I am us citizen, live and work in China and own 70% of a corporation registered in China. My father-in-law… read more
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I had 150k in china bank account 2 years ago. I forgot to
i had 150k in china bank account 2 years ago. I forgot to add this to my last year's tax return. The money i put in that account i lost 50k in the past two years. So my question is:1. do i get penalty… read more
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My mother isn't us citizen and is going to give cash gift of
My mother isn't us citizen and is going to give cash gift of 100000. Do i need to have her bank statements to prove that is her money and do I need to prove to irs the sources of her money ? … read more
Robin D.
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My mother in law is a Chinese citizen and wants to give my
My mother in law is a Chinese citizen and wants to give my wife an early inheritance of 150,000 dollars. What are the tax implications to us (my wife is a green card holder and I'm a US citizen)? She … read more
Lane
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I want to barrow money for our house down payment from my
I want to barrow money for our house down payment from my sister . My sister lives in China and I live in USA . I am green card holder but my sister is Chinese Citizen living in China . So question is… read more
emc011075
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US Tax: Foreign life insurance policies: What all forms I need to attach with my return and how to calculate and report any income/interest etc. from those, if I have foreign life insurance policies? … read more
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I filed 3520 $120,000 inheritance I transferred to
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Can a L1 visa holder receive wire transfer of US dollars
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I am receiving a large sum of cash from a foreign relative
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, my family and some relatives in china plan to send me money
Hi, my family and some relatives in china plan to send me money through bank to help me purchase a house here. I want to know if I need pay tax on it. thank you.… read more
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The IRS is requiring dual citizens to report all foreign investments.
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Do I owe taxes if a chinese citizen in China wire transfers
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My Mother-in-law, who lives in England, would like to gift
My Mother-in-law, who lives in England, would like to gift approx. $200K to her daughter (lives in Boston). - Are there any tax implications on this gift? - Is there a restrictions on the dollar amoun… read more
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