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Old 04-13-2014, 03:07 AM
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Gift tax on $100k from foreigner?

I have a question regarding gifts. I notice that gifts from non-us citizens is limited to $100,000 per year. But I heard technically the funds have to wired from a foreign account? What if the non-us citizen person has an account in the US and he wires the money there first and gives the gift? Would that still count? Because my boyfriend's parents who are not us residents live in mexico and they want to give me a gift of $100,000 for a wedding but I am afraid of receiving it because if i do get audited the IRS might ask for proof that the giver is a foreigner and not US resident. So I am wondering before I receive the gift should I ask him for his parent's id and info so if i do get audited I can prove that the recipient is not US citizen? Of course I am not sure if my girlfriend's parents would give that info considering it is pretty private which is a different matter.


Last edited by janelee : 04-13-2014 at 03:19 AM. Reason: .


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