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    tlf246's Avatar
    tlf246 Posts: 1, Reputation: 1
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    #1

    Jun 11, 2008, 12:36 PM
    Gift tax
    Is there ia gift tax on a US citizen receiving a gift from a foreign national?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Jun 11, 2008, 12:43 PM
    Gift taxes are generally paid by the giver.
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #3

    Jun 12, 2008, 02:30 AM
    There is no gift tax for the receiver of the gift.
    If the gift is more than $100,000 you must file Form 3520.
    For more info, read: Your U.S. Tax Return: The U.S. Gift Tax
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