I am planning to transfer over $12,000 funds from my foreign bank account to my USA bank account. Would IRS tax me for the transfer amount even though it is my life time saving.
TARO
I am planning to transfer over $12,000 funds from my foreign bank account to my USA bank account. Would IRS tax me for the transfer amount even though it is my life time saving.
TARO
Taro:
There are NO transfer taxes in the United States, so do the transfer.
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