Foreign nationals can prevent the U.S. from taxing their cash gifts: Here's how

A New eBook by Phil Hodgen

If you’re a foreign national, and you have assets in the United States, watch out. If you are considering giving a cash gift–or have already given one–what you may not know can definitely hurt you.

Let’s say that you are a citizen and resident of Hong Kong with a bank account in San Francisco. Your daughter lives in New York. You give your daughter $1 million so she can buy a house.

Simple, yes. But done wrong, you might be required to pay a six-figure U.S. tax for the privilege of making that gift to your daughter. If you don’t pay the tax, then the U.S. Government will collect it from your daughter.

Ordinarily, the U.S. imposes a tax on all gifts. If you are not a resident of the United States, however, it is possible for you to make this kind of cash gift cleanly, legally, and completely tax-free.

Cash Gifts by Foreign Nationals: How to reduce or eliminate your U.S. tax liability on money gifts is an easy-to-read, jargon-free explanation of the U.S. gift tax for nonresidents who have bank accounts or other cash in the United States. This book will show you how to simply and easily make cash gifts to anyone, free of U.S. tax.

Don’t take chances with penalties or prison. Make sure that the gift that you’ve given is done right and legally, without triggering unnecessary taxes.

Buy the eBook

To buy this book for $87.00, just click the “buy now” button below and you will be redirected to our checkout page. You’ll receive a PDF with the advice you need to make a cash gift, free of U.S. tax.

As always, you’re welcome to contact us for any tax related questions you may have.