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-   -   IRS rules on transfer of money from overseas (https://www.askmehelpdesk.com/showthread.php?t=787942)

  • Mar 27, 2014, 04:19 PM
    rocky12345
    IRS rules on transfer of money from overseas
    I would like to transfer money from overseas bank account in England, of a family member to my account in the US. What are my obligations on that issue, its not a gift. And its an amount exeeding $250,000usd
  • Mar 27, 2014, 04:22 PM
    rocky12345
    Mr rocky
    Rules on transfer money from overseas account of non u.s resident
  • Mar 28, 2014, 12:01 AM
    AtlantaTaxExpert
    While there are no transfer taxes, you will need to submit Form 3520 to report the money transfer and explain the nature of the transfer.

    Information only; no tax will be assessed.

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