hi, my parents both live outside of US(non citizen, residence). 8 years ago my mother opened an account with me as the beneficiary, so i take care of the account for her. due to certain event, they are thinking about transferring their life savings over here, so here's my question:
the transfer will be a large sum, they are wondering if they will need to pay taxes after the money gets in the account. maybe not them, but since my name is on the account as well, would i have to pay any taxes on that?
