In addition to the monetary penalty, the tax consequences of the receipt of the foreign gift may be determined and recharacterized by the IRS based on all the facts and circumstances, If the ...

This can reduce the overall tax liability. You can also use the lifetime gift and estate tax exemption. Are foreign gifts taxable in the USA? The U.S. doesn't have a foreign gift tax. However ...

Internal Revenue Service recently issued final regulations (final regs) imposing a tax on U.S. citizens, residents and ...

Owning real estate property overseas can be a great investment. U.S. cross-border tax planning and fully understanding U.S.