Ask Experts Questions for FREE Help !
Ask
    bestmomov3's Avatar
    bestmomov3 Posts: 1, Reputation: 1
    New Member
     
    #1

    Mar 27, 2010, 08:46 AM
    My friend is sending me a wire money transfer from out of country it now in usa. I he
    My friend is trying to wire money to my bank account from out of the country. The money is now in the us and they want me to pay taxes and fees. It is a large amount of money and the taxes are high, I don't have the money for them. My question is, is there anyone that can help me, I will pay back with interest as soon as the money is in my account. Bank won't help as I have bad credit and no job.. please help me
    tickle's Avatar
    tickle Posts: 23,796, Reputation: 2674
    Expert
     
    #2

    Mar 27, 2010, 09:14 AM

    If your friend is sending you money from abroad and it is coming to your bank account, then it can be treated as a gift, so there is no tax. There are other ways he could have sent this money to you without incurring a lot of expense. The two of you could have got your heads together to figure out a way. I don't know what the fees are, but don't count on anyone here helping you out with money to pay these fees, bestmom. We don't accept solicitation for money on this site.

    Tick

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Foreign money transfer to USA [ 19 Answers ]

I have two questions 1. I inherited $50,000 from property sold in a foreign country country from a non us resident. Are there tax consequences in the US when I transfer the money? Can I carry the money in cash into the US after declaring it. 2. a non US family member and his family...

How to transfer money from one country to another [ 2 Answers ]

Hi. Is there an easy way to send an amount of more than $100000.00 to south africa from Togo?

Foreign money transfer to USA [ 1 Answers ]

I have question about bring to the US: We are going to US and our family included 4 persons( Me, my wife and my 2 daughters which my daughters don't have separated passports and they are avaiable in my wife passport) So let me know we could bring $40,000 to the US for 4 persons or not? ...

Foreign Money Transfer To The USA [ 2 Answers ]

I have a client in London who wants to send a large multi-million dollar fund to us for investment in real estate. We are to manage the fund once it arrives. The large wire transfer seems to have Taxes that must be paid to the IRS-UK by us (the beneficiary) before they will release the fund to us....


View more questions Search