View Single Post
  #2 (permalink)  
Old 08-18-2015, 02:19 PM
AceMan AceMan is offline
Senior Member
Priority Date
:
Nov-10
Category
:
EB3
I140 Mailed Date
:
Chargeability
:
India
Processing Stage
:
I-140
I485 Mailed Date
:
Compare
Join Date: May 2013
Posts: 133
AceMan is a splendid one to behold AceMan is a splendid one to behold AceMan is a splendid one to behold AceMan is a splendid one to behold AceMan is a splendid one to behold AceMan is a splendid one to behold AceMan is a splendid one to behold
Default

If you are sending money overseas as a gift, the limit of sending gift amount is USD14,000 each year.

However, you can send amount above it but it is required to report it to IRS, and a gift tax is applied on the entire amount.

Please check Form 709 - United States Gift (and Generation-Skipping Transfer) Tax Return
http://www.irs.gov/pub/irs-pdf/i709.pdf
Bookmark and Share Compare Reply With Quote