benefactor
Junior Member
(Ohio)..
I am based in Asia and am a friend of a family in Ohio. One of the fmaily members is facing substantial medical and living costs resulting from a chronic illness.
As i have been fortunate, i would like to help them buy giving them a substantial amount of money (i will not be taxed on this in my home country due to the local tax rules).
My question is: are the Ohio based recipients likely to face any tax on reciept of the gift?
thanks
I am based in Asia and am a friend of a family in Ohio. One of the fmaily members is facing substantial medical and living costs resulting from a chronic illness.
As i have been fortunate, i would like to help them buy giving them a substantial amount of money (i will not be taxed on this in my home country due to the local tax rules).
My question is: are the Ohio based recipients likely to face any tax on reciept of the gift?
thanks