Overseas remittance to the United States is subject to gift tax.

Immigration to the United States, if there are overseas remittances to the United States, will it cause gift tax problems? Let's start with the gift tax on overseas remittances to the United States. Let's see what everyone has said.

A: Overseas immigrants to the United States may need to seek financial help from relatives outside the United States for various reasons. Relatives will send money to America. If remittances are made by non-US residents or citizens, they will not be taxed. Because in the United States, the gift tax is levied on the donor rather than the recipient, since the donor is a foreigner, the IRS will naturally not tax him, no matter how much money is remitted.

However, if the payee in the United States receives a remittance of more than $65,438+000,000 from his immediate family in that year, the IRS will still require the payee to declare Form 3520. If you don't declare it, if it is discovered by the IRS in the future, you will be fined, and 5% of the donation amount can be deducted for one month, with a maximum of 25%. Therefore, we remind the payee that if he receives a remittance of more than $65,438+000,000, he must remember to declare Form 3520, which is only used to declare to the IRS and is not taxed.