gift for her usa image
Maku q
I live in India and as everyone knows, wii hasn't been introduced here.If I want to buy an ethernet to usb cable,the nintendo one,the shipping costs about 5 times the cable's price.My wii was a birthday gift from USA. Can I connect my wii to internet by any other means?I am not ready to buy another connection or a wireless connector.
Answer
Get a wireless router, that's the only other way. Your Wii will automatically pick up the signal, though you'll have to go in and adjust the Wii settings accordingly to get it going.
Get a wireless router, that's the only other way. Your Wii will automatically pick up the signal, though you'll have to go in and adjust the Wii settings accordingly to get it going.
How to Wire transferring money from foreign as Gift legally without being tax?
Marvlous
Im trying to find legal ways to get money from my parents without being tax. they are sending me money over $50000 as a gift. they are USA citizen. I read on irs.gov that USA citizen aren't allow to give money as gift, or else it will be taxed.
I want to know can another person that is not related to me that is foreign (not USA citizen) to wire transfer me the money as a gift?
Source:
http://www.irs.gov/Businesses/Gifts-from-Foreign-Person
Answer
Yes other taxpayers could each give you up to the 14000 exclusion amount with out any reporting by either party during the 2013 tax year for this purpose and time in your life as long as it is a IRS qualified gift by the IRS rules for that purpose.
For 2013 a legal gift using the IRS rules of 14000 each from each parent to you would be 28000 total for the 2013 tax year with out any reporting by either party before the end of December 2013.
And then again after January 1 2014 the exclusion amount at this time is unknown BUT should be close to the same amount during the 2014 tax year for that purpose and time in your life.
The gift tax applies to the transfer by gift of any property. You make a gift if you give property (including money), or the use of or income from property, without expecting to receive something of at least equal value in return. If you sell something at less than its full value or if you make an interest-free or reduced-interest loan, you may be making a gift.
www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Gift-Tax
Go to the www.irs.gov website and use the search box for the below References/Related Topics
Estate and Gift Taxes
Estate Tax
Frequently Asked Questions on Estate Taxes
Frequently Asked Questions on Gift Taxes
Filing Estate and Gift Tax Returns
Forms and Publications - Estate and Gift Tax
Publication 950
What's New - Estate and Gift Tax
www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes
Who pays the gift tax?
The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.
www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes#1
Hope that you find the above enclosed information useful. 11/15/2013
Yes other taxpayers could each give you up to the 14000 exclusion amount with out any reporting by either party during the 2013 tax year for this purpose and time in your life as long as it is a IRS qualified gift by the IRS rules for that purpose.
For 2013 a legal gift using the IRS rules of 14000 each from each parent to you would be 28000 total for the 2013 tax year with out any reporting by either party before the end of December 2013.
And then again after January 1 2014 the exclusion amount at this time is unknown BUT should be close to the same amount during the 2014 tax year for that purpose and time in your life.
The gift tax applies to the transfer by gift of any property. You make a gift if you give property (including money), or the use of or income from property, without expecting to receive something of at least equal value in return. If you sell something at less than its full value or if you make an interest-free or reduced-interest loan, you may be making a gift.
www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Gift-Tax
Go to the www.irs.gov website and use the search box for the below References/Related Topics
Estate and Gift Taxes
Estate Tax
Frequently Asked Questions on Estate Taxes
Frequently Asked Questions on Gift Taxes
Filing Estate and Gift Tax Returns
Forms and Publications - Estate and Gift Tax
Publication 950
What's New - Estate and Gift Tax
www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes
Who pays the gift tax?
The donor is generally responsible for paying the gift tax. Under special arrangements the donee may agree to pay the tax instead. Please visit with your tax professional if you are considering this type of arrangement.
www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Frequently-Asked-Questions-on-Gift-Taxes#1
Hope that you find the above enclosed information useful. 11/15/2013
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