Getting Fund Transfer from Home Country

[Vegastick]

Hi,

I'm a green card holder and recently decided to purchase a house in the US.

For the down payment, I want to transfer some money from my bank accounts in the home country. This would be for a amount of around $50,000

Would IRS ask me to file taxes for this money? I would hate to have to pay taxes again as some of this money is what I inherited from my parents and some of it is funds I sent from the US back home (since I did not have plans to settle here at that time). Also, there is some money from a property that I sold in my home country.

What is the best way to transfer this money to as US bank without getting double taxed? (Cos I have already been taxed for all this in my home country)

[JoeF]

That depends on the source of the money and the tax laws of both countries. AFAIK, the US doesn't tax inheritance from a foreign country. And there are agreements in place to avoid double taxation, but for the details you probably need to see a CPA experienced in international issues.