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    shantigoulet's Avatar
    shantigoulet Posts: 3, Reputation: 1
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    #1

    Dec 7, 2011, 12:35 PM
    Inheritance money from abroad
    I am receiving some inheritance money from Europe from my mother who passed away.

    I have become a US citizen.
    Do I have to pay taxes on any of this?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Dec 7, 2011, 01:10 PM
    Redundant question; my answer is below.

    There will be no estate or inheritance taxes on the federal level.

    There MAY be an inheritance tax at the state level; a phone call to your state department of taxation should provide an answer to that question.

    If there is a wire transfer from your mother's estate, Form 3520 may need to be filed to account for the transfer amount, but that is an information return only; NO tax will be due.
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