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A non-US person living outside of the U.S. gifting by wiring
Hi! A non-US person living outside of the U.S. gifting by wiring 100k to my U.S. bank account, and wiring 100k to the escrow to buy a property under my name, do I have to pay any tax in these situatio… read more
emc011075
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My parents, who are not US citizens gifted me $130K earlier
My parents, who are not US citizens gifted me $130K earlier this year. Do I need to pay tax on this gift? And as equally importantly they are about to gift myself and my husband another $180K to assis… read more
Chad EA, CDFA®, CFP®
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This question is about foreign gifts and loans, taxes / the
This question is about foreign gifts and loans, taxes / the IRS. Im currently buying my wife out of the house title, and need $20,000 to do that. My dad is offering most of that money in the form of a… read more
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A foreigner loan his son $300,000 who lives in USA. Is there
A foreigner loan his son $300,000 who lives in USA. Is there any tax implication or filing requirement for the son?A foreigner who wire $300,000 to his son who lives in USA. Is there any tax implicati… read more
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Legal questions: 1. If the overseas private property (NO
Legal questions: 1. If the overseas private property (NO foreign financial accounts involved) to be sold for $120,000 and the whole proceeds to be immediately transferred to the U.S. and reported in t… read more
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How much money My parents can wire transfer to me and my wife
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Merlo, My wife is a NRA and I am a US citizen. We are
Hi Merlo, My wife is a NRA and I am a US citizen. We are currently residing overseas but plan to move back stateside next year. My wife has overseas savings of over 1m USD and our plan is to use a par… read more
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Dear Tax Professional, Is the non-US resident required
Dear Tax Professional, Is the non-US resident required to pay gift taxes if he made a cash gift to US citizen/resident to buy US property like houses? Thank you!… read more
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My father, a non-resident living overseas, would like to give
My father, a non-resident living overseas, would like to give $100,000 to my daughter (US Citizen) as a wedding gift toward the down payment for purchasing a home in the US. Any advise on how to do th… read more
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I am buying a house overseas with the money borrowed from the
I am buying a house overseas with the money borrowed from the family. Do I have to claim this asset as income so I have to pay income tax? thanks for your expert opinion.… read more
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I am a US green card holder, my husband is a US Citizen. My
I am a US green card holder, my husband is a US Citizen. My parents are not US citizens or residents and do not live in the US or visit often. They are going to help us buy a house, and are going to w… read more
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Hello. My girlfriend has student loans, but my father wants
Hello. My girlfriend has student loans, but my father wants to pay them off for her so she doesn't have to pay interest and she can go gradually paying him back. My question is, how can we go about it… read more
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what if receive an inheritance of 16000 dollars wired from
what if receive an inheritance of 16000 dollars wired from a foreign account into a my US account, should i report it in the ITR?… read more
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Sir, This is in continuation of my mail and your answer 4.8.2010
Sir, This is in continuation of my mail and your answer 4.8.2010 [Ref:m1n31n - Expert Merio] that there is no tax liability for NRA to a gigt to a U.S.Citizen. Will you please comment whether there is… read more
Merlo
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Are international wire transfers reported to the IRS?
How do I avoid paying tax if I will receive $100,000 from overseas? I receive this money because my parents want to give it to me to help me get a house in the U.S. I know bank will notify IRS if ther… read more
Merlo
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Is wire-transferred money from non-US acct. to U.S. acct. su
My wife is a resident alien and her mother has visited the U.S. several times and stayed less than three months each time. She does not have a SSN/ITIN and has no asset except a joint bank account wit… read more
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IF a company from overseas transfers money into my US ...
Reply to Mark D's Post: Its not income for me. This company X in country Y owes $$ to my family who live in country Z. Now my family wishes this money to come to US instead for their use in the future… read more
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My parent is going to give me more than $300,000 that I can ...
My parent is going to give me more than $300,000 that I can use to apply to the purchase price of the house in U.S. Both my husband and I are US tax persons but my parents are non-US tax persons. We w… read more
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