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My dad abroad wants to buy me a $30K car. If he wires me the money and I file Form 3520, or sends it to the dealership under my name, will I face IRS issues later?
I don't want to be in trouble later on. From what I read on here, wire transfer 10,000 will get flag by an IRS. Which option is better 1. wire transfer directly to my US bank account or 2. wire transfer directly to the car dealership.
‎January 24, 2025
3:42 PM