any links that can help
2006-12-09 17:29:35 · 5 answers · asked by lolo 3 in Business & Finance ➔ Taxes ➔ United States
It all depends on your yearly income. This link may help...
http://www.irs.gov/businesses/small/international/article/0,,id=97122,00.html
2006-12-09 17:35:31 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As others have said, if its income, it is taxed as any other income. If it is a gift, you pay no tax.
I question if it is legitimate at all. This sounds a lot like a common scam. They ask for a US bank account to transfer funds out of their country. Once the have the account info, they transfer all your money out of the US.
2006-12-10 13:33:09 · answer #2 · answered by STEVEN F 7 · 0⤊ 0⤋
That depends upon why the money was sent to you. If it was a bona-fide gift, it's tax-free to you. If it's not a gift then it's taxed as ordinary income. The amount of tax will depend upon your marginal tax rate -- generally up to 12,500 at 25% -- but that could be higher or lower depending upon how much other income you have.
2006-12-10 01:34:39 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
Profits from the harvest eh? lol
You should send them in small increments under ten grand to avoid detection from the irs and dea.
I don't suggest you send it to your bank account directly though. You should send it to various bank accounts around the world. Then it comes back clean to yours.
Good Luck bro
Stick it to the man (wink wink)
2006-12-10 01:35:17 · answer #4 · answered by Anonymous · 0⤊ 2⤋
It depends on your particular financial situation.
2006-12-10 01:38:02 · answer #5 · answered by Anonymous · 0⤊ 2⤋