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    shu824's Avatar
    shu824 Posts: 1, Reputation: 1
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    #1

    Mar 21, 2012, 07:25 AM
    Tax money transfer?
    Hi, I am a US PR and my husband is a Canadian. We have about 100K in his Canada account need to be transferred to our US account. DO I have to pay the tax for these money? Thanks
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    #2

    Mar 21, 2012, 07:44 AM
    No - there are no taxes imposed buy the US on international money transfers.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Mar 21, 2012, 12:46 PM
    However, you WILL have to file the FBAR (Foreign Bank Acocount Report) on that Canadian balance, plus Form 8938 with your 2011 tax return.
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