What is the name of your state (only U.S. law)? New york
Case :
Non Resident Alien Married couple opens a joint account in a US bank in New York .
Husband is sole income provider (works overseas)
Salary in received in the US bank in New York .
Is there a Gift Tax event given the exclusion that a Bank account/deposit is intangible property and is excluded from US Situs property?
If there is a gift tax ,Can the wife sign a dislcaimer if she doesn't use any of the proceeds ?
Case :
Non Resident Alien Married couple opens a joint account in a US bank in New York .
Husband is sole income provider (works overseas)
Salary in received in the US bank in New York .
Is there a Gift Tax event given the exclusion that a Bank account/deposit is intangible property and is excluded from US Situs property?
If there is a gift tax ,Can the wife sign a dislcaimer if she doesn't use any of the proceeds ?