KWZ99
Nov 3, 2011, 09:23 AM
Dear please help to get some answers
I am H4 Visa holder and US tax payer. I want to transfer money (wiring using major international Banks branches)from my savings account in Mexico and Brazil to my banking account in the US to buy a home. Both accounts overseas and US are under my name.
The total amount is around $150,000.00.
Pleaseinform me
1- Should I pay taxes ?
2- Should I report to IRS and other government agency in US ?
3- What is the correct procedure ?
4- Should I report in my 2011 incoming tax to IRS ?
Best regards
I am H4 Visa holder and US tax payer. I want to transfer money (wiring using major international Banks branches)from my savings account in Mexico and Brazil to my banking account in the US to buy a home. Both accounts overseas and US are under my name.
The total amount is around $150,000.00.
Pleaseinform me
1- Should I pay taxes ?
2- Should I report to IRS and other government agency in US ?
3- What is the correct procedure ?
4- Should I report in my 2011 incoming tax to IRS ?
Best regards