How much money can one receive from China

without paying US tax?

Hi,

My friend is accepting money from China each month.  Does anybody know if a person receives around $45K a month every month from China need to pay US tax here?

Thank you very much!

 

所有跟帖： 

• Forgot to say this is a gift -little.me- ♀ (0 bytes) () 10/21/2010 postreply 10:59:25

• I believe no tax for receiving foreign money, but need to -longterminvestor- ♂ (141 bytes) () 10/21/2010 postreply 11:58:39

• Thank you so much -little.me- ♀ (47 bytes) () 10/21/2010 postreply 12:24:06