Posted by: dimag kharab March 16, 2011
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Just found it somewhere "
If you send more than $13,000 per person and you are a US person (citizen or resident alien), you would have to file a form 709 for gift tax purposes." Why would one even have to file if there is no gift deductions?
How about foreign investment with a total loss (like a land being bought and was flooded away?). I just think IRS is totally fishy when it comes to foreign transactions.
How about foreign investment with a total loss (like a land being bought and was flooded away?). I just think IRS is totally fishy when it comes to foreign transactions.