- quote -

Not if it's by check.

Seth

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"David Woods, EA, ChFC, CLU" <dwoods[at]woods-financial.com> wrote in

- quote -

But ABNAmro won't send more than 10K at a time, AFAIK.

--
Best regards
Han
email address is invalid

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"**THE-RFI-EMI-GUY**" <rhyolite[at]nettally.com> wrote:
- quote -

You've been visiting too many conspiracy theory websites.
It's not illegal to get $30k from overseas, nor even
suspicious.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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"**THE-RFI-EMI-GUY**" <rhyolite[at]nettally.com> wrote:

- quote -

Not under tax law.

--
Phil Marti
Clarksburg, MD

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Arthur L. Rubin wrote:
- quote -

What about the US Gov't "Know your customer" program? Won't
depositing $30K light up all kind of red flags? The poor guy
will get hauled off the Guantanomo or worse as a suspected
terrorist money launderer or drug dealer??

--
Joe Leikhim K4SAT
"The RFI-EMI-GUY"

The Lost Deep Thoughts - By: Jack Handey
Before a mad scientist goes mad, there's probably a time
when he's only partially mad. And this is the time when
he's going to throw his best parties.

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Cool Cat wrote:

- quote -

If she's neither a US national nor resident, then there is
no US tax consequence to the gift. If her country has a
gift tax or export restrictions, those might apply.

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"Cool Cat" <nospam66[at]yahoo.com> wrote:

- quote -

Gifts are not income. Deposit the money, spend it on
hookers, bet it on Boston College hoops (oh wait, not a good
idea), do whatever you want with it.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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"Cool Cat" <nospam66[at]yahoo.com> writes:

- quote -

Yes. On your books, treat it exactly the same as any other
money you put into the business.

- quote -

No.

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

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"Cool Cat" <nospam66[at]yahoo.com> wrote:

- quote -

It's a gift. No taxes involved for you or her since she's
not a resident or national. Deposit the money in you
personal account since it was a gift to you and not to your
business. Then you can transfer money from you personal
account to your business as needed.

--
To reply to me directly, remove the XXX characters from my
email address.

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So I started my small biz a few weeks ago (sole
proprietorship) and now my grandma wants to give me $30K as
a gift to help me out with the biz. She's not a US national
nor does she reside in the US.

What do I do? Do I just deposit the money in my business
account? Will I have to pay taxes for it? Any advice would
be greatly appreciated.

Thanks!!

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