My parent are not US citizens or residents and do not live in the US. If monies are received from another country.
ebaines
Jul 18, 2010, 02:37 PM
Assuming that you are talking about a rreceiving a gift from your parents or in-laws, then no, there are no tax implications, at least for you in the US. Whether there are any taxes due for your parents or in-laws live is dependent on their local tax laws.