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tlf246
Jun 11, 2008, 12:36 PM
Is there ia gift tax on a US citizen receiving a gift from a foreign national?

ScottGem
Jun 11, 2008, 12:43 PM
Gift taxes are generally paid by the giver.

MukatA
Jun 12, 2008, 02:30 AM
There is no gift tax for the receiver of the gift.
If the gift is more than $100,000 you must file Form 3520.
For more info, read: Your U.S. Tax Return: The U.S. Gift Tax (http://taxipay.blogspot.com/2008/03/us-gift-tax.html)