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View Full Version : 20,000 wire transfer from europe , how to save on paying taxes on it ?

bodzio13
Mar 1, 2010, 03:26 AM
20,000 wire transfer from europe , how to save on paying taxes on it ?
Curlyben
Mar 1, 2010, 03:51 AM
If you are in USA you need to declare anything over $10,000 due to money laundering legislation.
Five Rings
Mar 1, 2010, 06:49 AM
What is the nature of this transfer?
Does it come from your overseas account? Is it a gift? What?