NRA receive money from abroad, tax filing question

[Ice888]

My family member is a non resident alien, a foreigner who doesn’t live in US but has a bank and brokerage account in US for investment. He received wire transfer over 100k from a family member in the home country within a year, does he need to report this on FORM 3520 as gift like US person ? 

A more general question is that if NRA needs to report at all to the IRS the money from abroad that are sent by the third party a family or a friend(not the NRA himself)? This money is not US sourced income.

[tagteam]

I will page Champ @pk. Please check back later.

[pk · Accepted solution]

@Ice888  money transfers  between NRAs, even if  into accounts owned and operated by NRA does not come under the aegis of US tax laws.  However, the US sourced income ( i.e. growth of the investment  ) is taxable  income to the NRA  ( assuming the person does have a Tax ID ).  The transfer  into an US account  ( whether owned by a US person ( citizen/GreenCard/ Resident for Tax Purposes ) will result in  SAR ( Suspicious Activity Report ) as a matter of course.

There is no  3520 or Gift Tax form required.

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