Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Taxes (https://www.askmehelpdesk.com/forumdisplay.php?f=320)
-   -   Gifts from non resident aliens (https://www.askmehelpdesk.com/showthread.php?t=458682)

  • Mar 18, 2010, 02:04 PM
    sedona09
    Gifts from non resident aliens
    Father is in india - resident and citizen of indai. Son live is us as a citizen. What are the filing requirements if father wires money in us dollars to sons joint (with sons wife) bank acccount. Are there any filing requirements for son? Filing requirements for father? Taxes due?
  • Mar 19, 2010, 12:02 AM
    MukatA

    The receiver of gift does not pay any tax. However, if the amount exceeds $100,000 you may have to file Form 3520. Your U.S. Tax Return: The U.S. Gift Tax

    • All times are GMT -7. The time now is 03:41 AM.