Jack2019 Posted January 23, 2019 Report Share Posted January 23, 2019 A buddy (US citizen) wants to give me $5000 in check as gift. Is it legal to receive while I'm on H1B visa? Link to comment
02112018 Posted January 23, 2019 Report Share Posted January 23, 2019 I might be wrong but, No worries until $10 grand i think, I am not a lawyer. Link to comment
pontevecchio Posted January 23, 2019 Report Share Posted January 23, 2019 "" gift tax is not an issue for most people The person who makes the gift files the gift tax return, if necessary, and pays any tax. If someone gives you more than the annual gift tax exclusion amount ($15,000 in 2018), the giver must file a gift tax return. That still doesn’t mean they owe gift tax."" Link to comment
JoeF Posted January 23, 2019 Report Share Posted January 23, 2019 This looks a bit suspicious. No buddy of mine ever gifted me money... If this is for some work done under the table it would be illegal. Link to comment
Provence Posted January 24, 2019 Report Share Posted January 24, 2019 Wish I had friends like this Link to comment
xTDx Posted January 24, 2019 Report Share Posted January 24, 2019 As said before if it is a gift then it is a gift and treat it like a gift. It gets suspicious when you start getting these gifts every month or so. 2 hours ago, Provence said: Wish I had friends like this Lol. Link to comment
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