The individual giving the gift is not a US citizen. If the amount given was done so by a US citizen it would exceed the amount permited without having to pay a tax.
2007-03-12 00:46:26 · 3 answers · asked by bulldoug68 1 in Business & Finance ➔ Taxes ➔ United States
Gifts received by an individual are never taxable. You don't need to worry about the givers country of residence because you received a gift not income.
2007-03-12 01:59:16 · answer #1 · answered by waggy_33 6 · 1⤊ 1⤋
Recipients do not pay tax under US law. If the non-citizen is resident abroad, you will need to see what that country's rules are. You may be subject to tax there.
2007-03-12 07:56:31 · answer #2 · answered by skip 6 · 1⤊ 1⤋
I would do it even if you don't strictly "have to", just so all the i's are dotted and all the t's crossed.
2007-03-12 10:01:15 · answer #3 · answered by Anonymous · 0⤊ 1⤋