Gift

[Megi123]

I want to send a gift to my nephew who lives overseas. It will be intl wire transfer from bank to bank in the amount of $ 16000. Do I have to pay the tax and report this transfer to IRS.

[DoninGA]

Gifs given in the amount of $18,000 or less are not reported on a tax return and are not reported to the IRS on Form 709.

[Megi123]

Thank for your response. I just want to verify with you that this rule applies to me  (US citizen)when I  send gift money to family member ( non US citizen) who lives in foreign country. 

[DoninGA · Accepted solution]

@Megi123 As a US citizen you are not required to report a gift given to an individual person if the gift given is $18,000 or less during the tax year.  Even if the gift given is to a non-US person.