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| *The Commerce Journal>>>Other Taxes |
I inherited money from a Brazilian relative , I live in the US. Do i have to pay taxes? |
I inherited money from a Brazilian relative , I live in the US. Do i have to pay taxes? Federal: No. Depending upon the amount you may need to file a Form 3520 http://www.irs.gov/pub/irs-pdf/f3520.pdf informational return. Failure to file the 3520 can get very expensive. Here's a link to the instructions: http://www.irs.gov/pub/irs-pdf/i3520.pdf If I get gift from a relative from europe to USA, do I have to pay taxes? (around $120k) |
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