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

    Jan 24, 2012, 02:40 PM
    IRS regulations for transferring money?
    Are there any penalties from the IRS in transferring funds from UK to USA?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Jan 24, 2012, 03:22 PM
    Not that I know of.

    If the transfer exceeds $100,000, Form 3520 is required, but that is an information return only to identify the source of the funds.
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