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    sohooo's Avatar
    sohooo Posts: 2, Reputation: 1
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    #1

    Jun 27, 2011, 08:53 PM
    Internaitonal money being wired into California bank account
    Hi there. I have a few questions about international wireless transfers... How do you transfer inherited money from an international account to a bank in California, Ca. Can you just give your bank account number and international routing number? It may be around $150,000. Does it get taxed? Does it need to be reported? Is there another form one would need to fill out when doing taxes next year? I just want to make sure it is done the right way.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,305, Reputation: 7692
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    #2

    Jun 28, 2011, 05:44 AM

    First and sorry to ask, are you sure you inherited the money, You know the person who died, have gotten paper work from the attorney and know exactly what is going on.

    I say this, since this is a version of a very old scam. Where they send you a letter or email saying you inherited money and they are going to transfer it to you.

    In some cases they ask for a fee, in others they want to wire the money to you. When you give them your bank account info, they do the reverse and take every penny out of your account.
    sohooo's Avatar
    sohooo Posts: 2, Reputation: 1
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    #3

    Jun 28, 2011, 07:34 AM
    Comment on Fr_Chuck's post
    HI. Yes, land is being sold that belonged to my grandmother. I haven't seen paperwork yet, but I know it's there. I just want to make sure it is brought here the right way. Do you know how it works? Thanks.
    twinkiedooter's Avatar
    twinkiedooter Posts: 12,172, Reputation: 1054
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    #4

    Jul 20, 2011, 03:15 PM

    You give the attorney who is sending you the money your bank account number and the bank's federal routing number. And yes, you must report this money as this is inherited funds. Had it been an insurance pay off for death benefits, then no. But this is not the case here.

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