Search results

Google Search Results Community Search Results

• 1. K

     Cash gift from visiting relatives

     Thanks a million.

     • karkmon
     • Post #15
     • Aug 5, 2021
     • Forum: Tax Law
  2. K

     Cash gift from visiting relatives

     "to someone living in another country" while that someone is in US on a visit?

     • karkmon
     • Post #13
     • Aug 5, 2021
     • Forum: Tax Law
  3. K

     Cash gift from visiting relatives

     Thanks Taxing Matters. Whether a person from another country, who is visiting US, can also receive cash gift from a US citizen living in US? In the future, if I am doing well financially, I am planning to give cash gift to my relatives (when they visit US again) who helped me now.

     • karkmon
     • Post #11
     • Aug 5, 2021
     • Forum: Tax Law
  4. K

     Cash gift from visiting relatives

     My apologies to Just Blue. Thanks everyone. My relatives visited from Canada (one aunt), Asia (brother), and Europe (another aunt). LdiJ: "It is not all that likely that the IRS will question the deposits, but if you have it in writing, it will help you prove that the money was not income. "...

     • karkmon
     • Post #7
     • Aug 4, 2021
     • Forum: Tax Law
  5. K

     Cash gift from visiting relatives

     Thanks Sir. One relative (brother) gave me 7K and two aunts gave me 4K and 5K, total 16K

     • karkmon
     • Post #3
     • Aug 4, 2021
     • Forum: Tax Law
  6. K

     Cash gift from visiting relatives

     What is the name of your state? Georgia I am a US citizen and have a small job. Recently, my relatives living in another country visited me and gave me few thousand dollars as cash gift. I want to deposit this in my bank account. Someone told me that IRS may come after me suspecting that this...

     • karkmon
     • Thread
     • Aug 4, 2021
     • Replies: 15
     • Forum: Tax Law