• Gifts of Money From A Foreign Person To His Us Child Or Us Spouse
  • November 19, 2013
  • Law Firm: Cantor & Webb P.A. - Miami Office
  • Non-resident aliens of the United States frequently make gifts of money to a child or spouse who is a citizen or resident of the United States (hereinafter referred to as a “US child” or “US spouse”), but few of those non-resident aliens fully understand the United States federal gift tax and income tax issues associated with making gifts to a US child or US spouse. In fact, many of them unintentionally make taxable gifts or unknowingly convert what would have been a tax-free gift to taxable income.