https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-need-to-pay-tax-with-foreign-wire-transfer-received-from-the-company-outside-of-us/01/2124807#M199382 <P>I was H1B resident alien until 2020,&nbsp; now I'm back to my home country then become NRA for US.&nbsp; However I still have some US bank accounts to receive wire transfer from company account outside of US.&nbsp; I have some questions regarding of those foreign transfer:</P><P>1. Do I need to report this money to IRS?</P><P>2. Is it considered income or just a gift?</P><P>3. Is there a limit of how much money they can send me annually before IRS taxes me?</P><P>&nbsp;</P><P>Thanks for your help.</P> Tue, 23 Mar 2021 12:46:01 GMT JohnnyC2 2021-03-23T12:46:01Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-need-to-pay-tax-with-foreign-wire-transfer-received-from-the-company-outside-of-us/01/2124807#M199382 <P>I was H1B resident alien until 2020,&nbsp; now I'm back to my home country then become NRA for US.&nbsp; However I still have some US bank accounts to receive wire transfer from company account outside of US.&nbsp; I have some questions regarding of those foreign transfer:</P><P>1. Do I need to report this money to IRS?</P><P>2. Is it considered income or just a gift?</P><P>3. Is there a limit of how much money they can send me annually before IRS taxes me?</P><P>&nbsp;</P><P>Thanks for your help.</P> Tue, 23 Mar 2021 12:46:01 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/do-i-need-to-pay-tax-with-foreign-wire-transfer-received-from-the-company-outside-of-us/01/2124807#M199382 JohnnyC2 2021-03-23T12:46:01Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-i-need-to-pay-tax-with-foreign-wire-transfer-received-from-the-company-outside-of-us/01/2128662#M199671 Can someone advise ? Thanks for your help! Wed, 24 Mar 2021 07:44:04 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-i-need-to-pay-tax-with-foreign-wire-transfer-received-from-the-company-outside-of-us/01/2128662#M199671 JohnnyC2 2021-03-24T07:44:04Z https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-i-need-to-pay-tax-with-foreign-wire-transfer-received-from-the-company-outside-of-us/01/2135182#M200190 <P>For income tax purposes, you only need to report income. So, if the transfers don't represent income earned from domestic companies, then you don't need to report them on a US income tax return.</P> Thu, 25 Mar 2021 22:47:15 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-do-i-need-to-pay-tax-with-foreign-wire-transfer-received-from-the-company-outside-of-us/01/2135182#M200190 ThomasM125 2021-03-25T22:47:15Z