income tax liability for International student

rayj said:

What is the name of your state? Idaho


Hi,

I was a student in the US (Idaho state) from 2004-2005 on a student visa. I am an Indian citizen and returned to India in 2006.

In January 2007, my cousin from India, sent me a gift of $21,000 to my paypal account.

I have a bank account in the United States (which I created when I was a student), to which I have withdrawn the money. I use this account very sparingly and this is probably the only big transaction I have made since I left the US.

I am currently residing in India. Will I be liable to pay US Income tax, since this money has gone to my bank account in the US? I hope to visit the US again in the future -- Will this affect my visa in any way?

Thanks in Advance!

Ray

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FLMommy said:

I'm sorry to hjack this thread, but am curious about something.

LdiJ: What if the OP receives interest from his bank on this $21000 and is also send the 1099 (I believe?) form to declare the interest to the IRS, would the OP have to file taxes (even though it might not end up that anything is owed, because of the exemptions he/she has as an international student) in that case?

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