Search found 2 matches
- Sun Apr 13, 2014 9:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign trust, gift, or something else
- Replies: 3
- Views: 1988
Nelsona, thanks so much for your reply, you are a life saver! Just want to clarify a bit more with you My fathers account only has his name on it. You think IRS won't use this to treat the transfer as a gift, especially there is still CAD30000 I haven't transferred back to my own account yet? I just...
- Sun Apr 13, 2014 6:53 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign trust, gift, or something else
- Replies: 3
- Views: 1988
Foreign trust, gift, or something else
I am filing 2013 return as a resident alien and just discovered a bank transfer I made might cause me a great deal of trouble. My father visited me in Canada in 2012 and I opened a checking account under his name for him just for the convenience of him taking money out for grocery shopping etc. I ha...