Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

Related Tax Questions
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
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
My wife is a non US citizen, we were married abroad and
Hi, My wife is a non US citizen, we were married abroad and unfortunately we are getting a divorce. We are on good terms thankfully. We live in Europe at the moment and I do not have a US bank account… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,805 satisfied customers
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
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
My son is Mexican citizen and citizen. He want to transfer
My son is Mexican citizen and I am US citizen. He want to transfer some money to me. Both bank account are in USA. In Mexico the limit is around $35K while in USA the limit is $100K. Which rule should… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,805 satisfied customers
Merlo, My husband received over 400k from a sale of a home
Hello Merlo, My husband received over 400k from a sale of a home from the UK and it has been deposited into his account. Will there be any taxes on this? If he wires me $100 into my account, the bank … read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
My sister is in USA. She is a working women as well as her
My sister is in USA . She is a working women as well as her spouse. Her son is studying and will be going for higher studies. I want to help her as the amount required of 4 yrs study is about 250000 d… read more
emc011075
emc011075
Tax advisor and Enrolled Agent
Bachelor's Degree
8,382 satisfied customers
My dad (not a US citizen) wants to gift me (US citizen, CA
My dad (not a US citizen) wants to gift me (US citizen, CA resident) some money (approximately $1 million). What are the tax ramifications for me? From a tax standpoint, is it better to receive this i… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,805 satisfied customers
My sister is a US Citizen living in NY, married to a US Citizen.
My sister is a US Citizen living in NY, married to a US Citizen. I'm a US Citizen and my wife is a Mexican Citizen and we live in Mexico. How much cash can each of us give my sister and her husband du… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,805 satisfied customers
Hi Im trying to apply for mortgage and have not enough
Hi I'm trying to apply for mortgage and have not enough funds for down-payment My wife's sister can provide required funds. However bank asks for "gift letter" from which basically says that wife sist… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
18,805 satisfied customers
I will be soon receiving a wire in the amount of ca. 100,000
I will be soon receiving a wire in the amount of ca. 100,000 from abroad. I am a US resident. The money will NOT come from an account I have in the foreign country, but from my family there. It's a gi… read more
Lev
Lev
Retired
Bachelor's Degree Equivalent
30,472 satisfied customers
I am a US citizen. My parents are foreign citizens. Do I have
I am a US citizen. My parents are foreign citizens. Do I have to pay tax on cash gift from my parents via bank wire?… read more
Shane-CPA
Shane-CPA
CPA, PFS, CGMA
508 satisfied customers
Hi Wendy, You were really helpful with previous questions
Hi Wendy, You were really helpful with previous questions I had a while back. I've just got another one for you now.... I have a friend who has lived in the States for around 10 years now. She is not … read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
My mom lives in Mexico and her father recently passed away.
My mom lives in Mexico and her father recently passed away. She inherited money that she wanted to share with my sister and I. How much, if any, would this money be taxed and how do I go about paying … read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
I am a US citizen. My sister sold an apartment in Israel she
I am a US citizen. My sister sold an apartment in Israel she inherited from our mother. The buyer plans to transfer 50% of the purchase price (more than 100K) directly into my account in NC from his a… read more
Merlo
Merlo
Tax Consultant
558 satisfied customers
Hi, Im a foreign european citizen in us with a o-1
Hi, I'm a foreign european citizen in us with a o-1 visa. My question is, if I receive money gift from my father which is a european citizen, do I need to pay some tax on the donation to the us govern… read more
Ed Johnson
Ed Johnson
Senior HR Consultant and Business Devlpm
Bachelor's Degree
6,994 satisfied customers
I am going to receive a $20000 dollars gift from my mom. Do ...
I am going to receive a $20000 dollars gift from my mom. Do I have to pay tax on this? She is in france and I am in the US and live here… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
If I receive a cash gift from someone of $100,000 do I ...
If I receive a cash gift from someone of $100,000 do I have to declare it as income. How is it reported?… read more
Wendy Reed
Wendy Reed
Master Tax Advisor Enrolled Agent
Master's Degree
2,290 satisfied customers
Transfering money from overseas account from an undeclared ad-hoc tran
I have money sitting in my sister's overseas account ( she's not a US citizen), proceed is from a property sale from abroad. It's over a $100K. Can I transfer it to my own US account w/o paying any ta… read more
Zhicheng Lai
Zhicheng Lai
Master Degree
426 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,512 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

18,805 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x