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If I am an american citizen and I don't have a job and get
If I am an american citizen and I don't have a job and get gift money from my relative so I have to pay tax on the gift money… read more
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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
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Is there any tax consequences to me when a relative sends
is there any tax consequences to me when a relative sends money from their foreign bank to my account in usa?… read more
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HI, I am an Australian citizen and am planning to get funds
HI, I am an Australian citizen and am planning to get funds (around US$50K) from my sister in the US. The funds are for initial deposit (and related costs) for me to buy a house. I am planning to do a… read more
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Megan I'm supposed to have a free question. I f I give my
Megan I'm supposed to have a free question. I f I give my sisters, from my Money market, each an amount of money, will they have to declare it on their Tax filing?… read more
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Hi, I have question regarding FBAR, my brother has a Foreign
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Lev
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Hello I have a debt due of 80k-102k that is still in negotiations.
Hello I have a debt due of 80k-102k that is still in negotiations. My children have an investment account and are willing to help with the botXXXXX XXXXXne. I am retired and have Soc. Sec. in the low … read more
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I wish to give my daughter some money as a gift from my retirement
I wish to give my daughter some money as a gift from my retirement money. The maximum gift amount is $14,000 a year. What tax implications are there, if any… read more
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My wife wants to transfer money from Brazil to the US from
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Last question today: If I give money (inherited through POD
Last question today: If I give money (inherited through POD or Joint bank account) to my siblings as decedent willed, will they have to pay gift taxes? Texas or Federal… read more
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My mother, non US residence, non citizen, wants to give me
My mother, non US residence, non citizen, wants to give me $140,000 as money gift. She plan to wire-transfer the money from her US bank to my US local bank. I am citizen. Is this amount subject to gif… read more
Megan C
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I receive Social Security Disability, so I dont earn wages.
I receive Social Security Disability, so I don't earn wages. I don't file taxes. 2011 I received 14,000. Question:1. My Father has given me money to purchase a house. This money will be duducted from … read more
winktax
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I saw this question asked by someone: Customer Question gift
I saw this question asked by someone: Customer Question gift tax. What if my mother gifted $13,000 to me, my wife, my son, and his wife and they all gifted their money to me. Is that going to make me … read more
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A Friend contributed 4000 dollars to prevent my home going into forclosure. I need to finish up my taxes today. How do I declare that in my income tax form.… read more
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I need to remove money from a C.D. that is in mine or my 9yr
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I am a permanent residence in US (non-US citizen). Then, ...
I am a permanent residence in US (non-US citizen). Then, the donor can give me cash as gift without paying gift tax if it is less than $100000 per year, no matter the donor is US residence or not. Am … read more
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If gift taxes have been paid on gifted money, can ...
If gift taxes have been paid on gifted money, can the taxes be recaptured if the gifted money is returned? Also, if gifted money reduced the unified credit, can the credit be reinstated by the amoung … read more
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My sister just won the lottery for a hefty amount. She ...
My sister just won the lottery for a hefty amount. She wants to give me a large portion of her winnings. This amount exceeds 1 Million dollars. I understand that in one's lifetime, the amount of a gif… read more
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