My brother in Israel is planning to wire transfer $267,988.73 USD, to my checking account Century Bank.I hear that you would need to have a layers for tax purpous .After doing the legal procces how much money would I be left?
I dont want to get a rude carcastic answer....
btw that money is passed from generation after generation and stock investmen,t also savings..
|||There is no tax on transfer of money. If a part of this money is your income, you must report it. You must report your worldwide income on your tax return. Read: http://taxipay.blogspot.com/2008/03/us-c鈥?/a>
If it is inheritance, there is no tax on inheritance in the U.S. However, you must file Form 3520. Read http://taxipay.blogspot.com/2008/02/tax-鈥?/a>|||Listen once the amount is wired get it out of the bank if the bank fail you would lose alot of money. I know they said FDIC up to 250,000 until Dec 2009 but they don't know what would happen after that 2009 date so split that money up between banks anyway Take Care|||. . . .for expert advice, pay an expert. . . .
don't think you can prevent rude, sarcastic, and uninformed advice and opinions if you ask thousands of yahoos a question!!!!|||Nothing. Not a taxable event.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment