My father in law will relocate to US sometime this year. He is not a US citizen or US resident yet, but he will be a US resident as soon as his case is approved. He wants to make a wire transfer before he leaves, from his account in Europe to our (me and my wife's) US bank account. We can't open a bank account for him until he gets here.
Once he'll be here, he will open a bank account and transfer his money into it.
Do we need to do provide any explanation for the money we will receive to anybody (the amount is >$100k)?
Thank you!
Once he'll be here, he will open a bank account and transfer his money into it.
Do we need to do provide any explanation for the money we will receive to anybody (the amount is >$100k)?
Thank you!