Do you have to pay taxes if you receive a cash gift of <100,000 from your foreign parents but from their US accounts.
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Do you have to pay taxes if you receive a cash gift of <100,000 from your foreign parents but from their US accounts.
The receiver of gift does not pay any tax. If the donor is a not a U.S. citizen or resident, the donor does not pay any U.S. taxes. Your U.S. Tax Return: The U.S. Gift Tax
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