Hi
I have two quick questions. I am working in the US and my husband works in the UK. Therefore, I am considered as US tax payer and my husband as non-US citizenship. I know that I can transfer 164k per year to him without paying tax.
1. I assume if I do not transfer to him more than 164k per year, I do not need to report it to IRS, correct?
2. How much can he transfer to me? Is there any tax for him based on US tax law? If he transfers money to me, do I need to report it to IRS? I know that there is a law that if other people (except for my oversea account) transfer more than 100k to me, I need to report it to IRS. Does it limit to husband?
Thanks,
Helen
