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    Serranoo's Avatar
    Serranoo Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Dec 14, 2013, 05:05 PM
    Gift
    My mother wants to give me a gift in excess of $100'000. She transferred money from his non us account to his us account and wants to transfer that money to my us account.
    She is a non us citizen, will I be subject to gift tax? If the money was not earned in the US but is now in the US?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Dec 15, 2013, 11:49 AM
    If the giver is NOT a U.S. Resident, no gift tax will be due.

    However, a transfer of that size will have to be reported on Form 3520, though no tax will be due.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #3

    Dec 15, 2013, 01:25 PM
    While ATE is correct. I'm confused by the use of pronouns here. Hopefully this is just a language issue. But you say your mother wants to give you a gift, then you say "She" transferred from "his" non us to "his" us accounts. That should be her not his.
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