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    itf9234's Avatar
    itf9234 Posts: 1, Reputation: 1
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    #1

    Jun 8, 2012, 06:52 AM
    How can I transfere My assets from Overseas to U.s.
    My Father left me some assests in Iran. It is what I have inherited from Him.
    I am going to Iran to liquidate my entire inheritance and bring it to U.S. It is about 300,000 app in U.S. dollars. Will I be taxed on It? W#hat is the safest way to bring this Money to U.S.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jun 8, 2012, 07:17 AM
    There are NO transfer or inheritance taxes in the United States, and since the estate is in a foreign country, estate taxes do NOT apply.

    However, the fact that the money is in IRAN may make transferring the money difficult due to the sanctions currently being levied on Iran. I suggest you visit your bank and discuss this issues with them to determine if the money can be wired from Iran to your bank accounting the United States.
    Terry matty's Avatar
    Terry matty Posts: 1, Reputation: 1
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    #3

    Jul 19, 2013, 10:17 AM
    Does this apply for Canada also?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #4

    Jul 19, 2013, 10:58 AM
    The first paragraph, yes.
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