Serbinski Accounting Firms

Yes, I read the whole thread. And many others. Thanks for all the info. But I've heard, for ex, that if a non-res gives money to a resident and the transaction occurs "in" the US, that's taxable. So I was wondering what counts as a transaction "in" the US.

Thanks for the reply.

When a US nonresident alien (a Canadian resident) gifts money to a US resident, and wants to legally avoid gift tax, does it make a difference HOW the money is transferred from Canada to the US person? I was told it can be done by writing a cheque from the giver’s Canadian bank account which is ...

This will sound like a dumb question; but I never take anything for granted when it comes to tax rules. so just to be sure: the $100,000 threshold for reporting gifts from a foreign person to a US person is measured in US dollars, right? (Eg. a gift of just over 100k Canadian at a time when the ...