is there a tax on money sent to the U.S. as a gift?
960537
There are no US gift or income taxes on gifts from foreign individuals.  Send it anyway you want to.
709061
Taxpayers who have given gifts exceeding $11,000 in value to a single individual must report the total gift amount to the Internal Revenue Service (IRS). The giver may owe taxes on the gifts. The recipient, however, does not have to report or pay taxes on the value of the gift. Individuals who need to file a gift tax return should use Form 709:United States Gift (and Generation-Skipping Transfer) Tax Return.
1144644
Yes, but it must be filed and it's a one time thing. You can only do this one time, any other gift will be taxed. You will also have to provide a "gift letter".
461960
yes but not directly.  There's a pass through site that handles the payments.  the IRS's site has info on it.
674897
YOU SHOULD BE ABLE TO, IF YOU GIVE IT TO A ORGANIZATION CAPABLE OF GIVING YOU A TAX DEDUCTION. YOU CANT DONATE IT TO YOUR WIFE OR CHILDREN, OR EVEN A HOMELESS GUY ON THE STREET AND EXPECT TO DEDUCT IT. YOU ALSO NEED TO MAKE SURE THAT YOU WILL HAVE ENOUGH DEDUCTIONS TO ITEMIZE. IF NOT, THEN IT WONT BE BENEFICIAL FOR YOU TO DONATE THEM TAX WISE.
51548
yes u can. go to western union and pick up the money transfer i sent u
772378
Do you mean Australia or Austria?  \n\nThere is no restriction on sending money outside Australia.  If you carry the money out of Australia yourself you will need to declare it at the airport if the money is over $10,000.  If you wire the money through a bank the bank will do that for you.  There are no taxes or government fees to send money out.\n\nwww.austrac.gov.au has information
231952
not in the United States. But talk to an accountant to be sure.
864332
Short answer, yes.  Whatever they accept has a value.  The IRS even has a set of rules for deducting 'non-cash' donations.
1146827
No.\nThe US is particularly bad at managing transactions in anything other than dollars. The recipient at best will have to pay a large fee, if their bank is able to cope with it at all.\n\nGet a bank draft made out for them in dollars. Any high street bank in the UK will do this easily.
359765
No, Almost all USA products brought must be pay by back in Us dollars unless it is under a wired transfer from the bank to a account in the states.The Bank will have its own transfer rates.
216182
I don't think so. If you want to avoid tax, go to somewhere where they don't have it. Maybe use Swiss bank accounts too.
1086730
Per the IRS the receiver of the gift pays no tax upfront.  if it is something that would produce capital gains/ losses, you would have to pay those taxes if/ when you liquidate.\nUpto a $100,000 you do not even have to report the gift.  Over a $100,000 you merely mention it to the IRS.
233861
Since only $250,000 PROFIT will be exempt from taxation (if she is married to a co-owner it's $500,000) she should check on taxes first. The actual cost of the residence is  subtracted from the net sales price to determine profit.\n\nThe tax responsibility for making a $200,000 gift to anyone rests with the GIVER not the recipient, so there will be gift taxes in addition to any taxes on the profit from the sale. \n\nHowever, each year an individual can gift $11,000 to another individual without any tax consequences.  That means for gifts from two parents to a married couple $44,000 a year without taxes. A single parent can gift $22,000 a year to a couple without paying any gift tax.(these figures were for 2005 and could have increased very slightly for this year)\n\nThere are some other requirements - time in residence for one.  The IRS has a guide "Selling your Home", Publication 523, which you can access on line, pick up at a local IRS office, or get through the mail.\n \nAs far as the gift taxes are concerned she should see her tax adviser, who can save her money in the long run.  \n\nIf you have a question e-mail me through Answers.
834608
The IRS does not tax the recipient of inheritance...ever.  There is a federal tax on the estate (the net value of all assets left behind by the deceased), but the amount taxed is reduced by:\n\n1) donations made to charity if stipulated in the will\n\n2) the first $2,000,000 (for 2006, this changes year-to-year)\n\n3) all amounts left to the spouse.\n\nSo if you are not married when your other dies, and if the amount of the estate is less than $2,000,000, and if your other never filed a form 709 "Gift Tax Return", there should be no estate taxes.
78915
Is the amount in dollars?
783385
If its a gift exchange where you only buy one present, then perhaps you should ask your group to establish a spending limit. I would say $20 and under would be fine!