Posted on: 24th Mar, 2008 08:15 am
How IRS rules tax non resident different from US resident?
Also, Will Tn state gift tax apply too?
Please provide me as much details as possible and soon
hank you very much
Also, Will Tn state gift tax apply too?
Please provide me as much details as possible and soon
hank you very much
Hi salamy,
Welcome to the forum.
The state of Tennessee allows gift tax. Per donee gift tax exemption here is 12000 dollars.
Are you an US nonresident? A nonresident is subjected to pay gift tax if only located at the time of transfer in the U.S.
You should consult with a tax attorney in your state.
Best of luck,
Larry
Welcome to the forum.
The state of Tennessee allows gift tax. Per donee gift tax exemption here is 12000 dollars.
Are you an US nonresident? A nonresident is subjected to pay gift tax if only located at the time of transfer in the U.S.
You should consult with a tax attorney in your state.
Best of luck,
Larry