Am I subject to IRS for a gift of $50,000 sent from an Australian resident?
J jwalker60 Joined Jul 21, 2017 Messages 1 Reaction score 0 Country Jul 21, 2017 #1 Am I subject to IRS for a gift of $50,000 sent from an Australian resident?
K kirby VIP Member Joined May 12, 2011 Messages 2,461 Reaction score 334 Country Jul 25, 2017 #2 No. But If from an Australian Corporation or partnership, then you must file IRS form 3520, which is just an information return.
No. But If from an Australian Corporation or partnership, then you must file IRS form 3520, which is just an information return.
