Jamie B. asked

💰  Tax

I am a non-US citizen in the process of applying for a green card. I am considering transferring US$500k from my personal bank account to my wife, who is a U.S. citizen. What are the tax implications of this transfer, and do I need to file any specific forms with the IRS?

December 15th, 2024

Kristy M. answered

When transferring a large sum of money to a U.S. citizen spouse, the recipient (your wife) typically...

December 15th, 2024

Sign Up to View Full Expert Answers

Create an account to view answers and interact with the community!