Foreign Gifts

IRS Announces 2018 Estate And Gift Tax Limits: $11.2 Million Per Couple

It’s official. For 2018, the estate and gift tax exemption is $5.6 million per individual, up from $5.49 million in 2017. That means an individual can leave [...]

How To Report Foreign Gifts And Bequests To IRS

If you are a citizen or permanent resident, you must report all income to the IRS annually even if it’s taxed somewhere else. See Income from Abroad is [...]