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there are no income tax consequences from receiving the gift.
however
If you are a U.S. person who received a large gift or bequest from a foreign person, you may need to complete Part IV of Form 3520, which is the Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts. You must file this form by the 15th day of the fourth month following the end of your income tax year (generally, April 15th for individuals), subject to any extension of time to file that may apply. If you file Form 3520 late or if the information provided is incomplete or incorrect, the IRS may determine the income tax consequences of the receipt of such foreign gift or bequest, and you may be subject to penalties under section 6039F if you do not have reasonable cause.
Here are the key points regarding reporting foreign gifts:
General Rule: Foreign Gifts and Bequests:
Reporting Requirements:
File Form 3520 separately from your income tax return by following the forms instructions.
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