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My son is working in use with H1B visa.As parent we would
my son is working in use with H1B visa.As parent we would like to gift him about $100000 for him to buy a property and for his other expenses.Is there any tax implications for him in USA? … read more
Tax.appeal.168
Tax.appeal.168
Principal
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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
Lane
Lane
JD, MBA, CFP, CRPS
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I have a client who has 2 LLC in the state of Florida he
I have a client who has 2 LLC in the state of Florida he doesn't live in the USA he is a non- resident. His son has a 1% interest and the dad has a 99% interest. The father wants to give his son a 50%… read more
Mark Taylor
Mark Taylor
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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.
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Vocational, Technical or Trade School
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, my both kids (ages 23 and 19) are in college. My husband
Hi, my both kids (ages 23 and 19) are in college. My husband passed away and I have no income. My brother wants to send money to both kids accounts here via wire transfer from dubai. 1) Is there any l… read more
Lev
Lev
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Bachelor's Degree Equivalent
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My son is 100% disabled. He can drive a car with hand controls.
My son is 100% disabled. He can drive a car with hand controls. I would like my wife and I to each give him $14000.00 to buy a handicap van with a lift. I claim him as a dependent on my tax return as … read more
Lev
Lev
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Bachelor's Degree Equivalent
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Question : is there a tax liability for my son in US if I
Question : is there a tax 'liability' for my son in US if I continue to pay off his student debt (just transfered- 7th march 2013- $100,000 to his account , he then to NelNet.) I could soon do same ag… read more
USTaxAdvising
USTaxAdvising
Partner
Bachelor's Degree
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My father-in-Law wants to send my wife, myself, and our 2 children
My father-in-Law wants to send my wife, myself, and our 2 children money. He is liquidating his assets and lives overseas. I have set up a living trust for my children and my wife and I are the truste… read more
Richard
Richard
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Doctoral Degree
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Our son is 50 years old , divorced, and lost his job of 24
Our son is 50 years old , divorced, and lost his job of 24 years along with 2000 of other employees at same location because Comapny was sold to a foreign entity. Ou son has a son that is a Junior in … read more
Tax.appeal.168
Tax.appeal.168
Principal
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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
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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Dear Sirs,I am an American citizen and live in Brazil.
Dear Sirs, I am an American citizen and live in Brazil. I intend to buy a property in Miami for my son worth usd250,000,00 (who is also Brazilian/American) and give it to my son as a gift this year. Q… read more
Robin D.
Robin D.
Senior Tax Advisor 4
Vocational, Technical or Trade School
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My husband has a NYSARC account through Medicaide. The only
My husband has a NYSARC account through Medicaide. The only way that we can get our grocery money or any monies spend (other than light, elect and etc) are through a third party. So, we spend $$$ on g… read more
Robin D.
Robin D.
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Vocational, Technical or Trade School
17,888 satisfied customers
My son lives in China and has been there for 7-8 years. He
My son lives in China and has been there for 7-8 years. He has not filed income tax here in those years because of no US income. My wife and I give him money which could amount to about $22,000 a year… read more
Merlo
Merlo
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558 satisfied customers
Years ago my in-laws transfered their land into one sons name.
Years ago my in-laws transfered their land into one son's name. They have sinced passed away and the 4 siblings want to sell the land. When the land sells - since it is only in one siblings name - if … read more
Merlo
Merlo
Tax Consultant
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If i buy a house and pay it fully,and than give it to my son
If i buy a house and pay it fully,and than give it to my son as a gift,do i have to pay taxes? or if i give cash money to him ,do i have to pay taxes ,is there a maximum of what i can give as a gift ?… read more
Merlo
Merlo
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558 satisfied customers
my fiance is a german national working for a german company
my fiance is a german national working for a german company overseas. She bought a house in the United States in which I am now living. She also funds a U.S. bank account to provide funds for property… read more
Ed Johnson
Ed Johnson
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Bachelor's Degree
6,994 satisfied customers
MY SON'S DAD WANTS TO SEND HIM MONEY INHERITED FROM
MY SON'S DAD WANTS TO SEND HIM MONEY INHERITED FROM HIS DAD WHO DIED .THE MONEY IS IN THE COUNTRY OF CYPRUS HOW MUCH TAX DOES HE PAY ON 50,000 IF TRANSFERRED INTO MY SONS ACCOUNT ...CAN HE DO IT IN IN… read more
mckeecpa
mckeecpa
Master's Degree
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My parents want to give me an advance on my inheritance so ...
My parents want to give me an advance on my inheritance so that I can use that money as a down payment toward purchasing a house. The funds would be coming from overseas as my parents; main assets are… read more
Zhicheng Lai
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