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-   -   IRS rules on receiving money wire transfers from overseas (https://www.askmehelpdesk.com/showthread.php?t=773572)

  • Nov 1, 2013, 03:14 PM
    B Patrick
    IRS rules on receiving money wire transfers from overseas
    What are the restrictions, if any, on receiving money wire transfers from overseas? What is the amount that the IRS will have to be notified?
  • Nov 1, 2013, 03:32 PM
    AtlantaTaxExpert
    There are NO transfer taxes.

    If you receive OVER $100,000, you must report the transaction on IRS Form 3520, but (again), no taxes are due.

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