@stevesteveleelee , absent any other facts ( such as whether your parent/s are Green Card holders etc. etc ), you correct in that the only requirement for you as a Resident for Tax Purposes is to report the gift on form 3520 ( $100,000 or more ); if it rests in any foreign account that you may own or have signature authority only, you may have to file FBAR ( online ONLY form 114 at FinCen.gov ) and FATCA form 8938 ( along with your tax return for the year in which this took place.
Is there more I can do for you ?
pk
