JohnnyC2
New Member

Do I need to pay tax with foreign wire transfer received from the company outside of US?

I was H1B resident alien until 2020,  now I'm back to my home country then become NRA for US.  However I still have some US bank accounts to receive wire transfer from company account outside of US.  I have some questions regarding of those foreign transfer:

1. Do I need to report this money to IRS?

2. Is it considered income or just a gift?

3. Is there a limit of how much money they can send me annually before IRS taxes me?

 

Thanks for your help.