I sent my parents about $60,000 in India. All the money was transferred to my father's account (not joint account). Part of the money ($12000) was used to purchase some property. I am wondering how much should I declare as a gift. Should I declare the entire $60000 as a gift or the 48000 (60k-12k)....

Do you have to pay taxes if you receive a cash gift of <100,000 from your foreign parents but from their US accounts.

My husband's parents will be celebrating their 50th anniversary and we need to figure out what to get them. Not money, not a gift card. They are fairly well-off, they have a lot of stuff and don't really need anything. There isn't really one thing they both love, they each collect different things...

Hello My parents wish to send some money from India to help me make a downpayment on a property. How would I have to declare this, if I need to? I understand there is a 12K limit per year per person, so if they wer to give me 12K and my 12K, would we have to file taxes separately or would...

Ok I'm trying to come up with an idea for a gift for my parents 20th Anniversary and the party is next week. I have collected a bunch of old photos of them and their parents. I am looking for a way to display them w/o using glue and other permanent means. Several of the pics are old and I only...