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mjch18
June 1, 2019
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Can a friend in the Philippians transfer $50,000 to my US acct at BofA so I can buy a property - I'm Chinese with a 10yr old son who is a US citizen? Any tax issues?

  • June 1, 2019
  • 1 reply
  • 0 views

I have an International company in China and my friend owes me money and is willing to pay it directly to my US account.  

    Best answer by Critter

    Gifts from anyone in any amount is not an income tax issue for the receiver. 

    1 reply

    Critter
    CritterAnswer
    Employee
    June 1, 2019

    Gifts from anyone in any amount is not an income tax issue for the receiver. 

    M
    mjch18Author
    June 1, 2019
    Will the gov’t require me to pay a gift tax of any kind?
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