Receiving large amount (90k USD) from a blood relative who is a non UScitizen

[ssv]

Hi,

My brother who is an Indian citizen is trying to send me about 90K USD. I know that there is an upper limit for receiving money from a UScitizen, does it apply here as well? I wanted to know if there are any tax implications for me? I am a US citizen. 

Thanks!

[macuser_22]

There is no limit on *receiving* gifts from anyone.   Foreign gifts received that are over $100,000 must be reported, but there is not limit on the gift size.

https://www.irs.gov/businesses/gifts-from-foreign-person

US gifts over $15,000 must be reported by the *giver* on a 709 form but the receiver reports nothing.

[ssv]

Thanks @macuser_22 . So, in this case since he is a non US citizen, there won't be any tax implications for him and since it is less than 100k, there are no taxes for me too, correct?

Do I still need to fille the Form 3250?

[macuser_22]

It does not go on your tax return at all.    If under $100K from an individual you do not report anything.

What he migh need to report depends on the laws of his country.

[Critter]

If you, as a US person, receive a gift of more than $100,000 from a foreign person, you are required to submit a Form 3520 to the IRS.  Form 3520 is an informational form only.  You do not report a gift received on your personal tax return, regardless of the amount received.

IRS Form 3520 - http://www.irs.gov/pub/irs-pdf/f3520.pdf

IRS Form 3520 instructions - http://www.irs.gov/pub/irs-pdf/i3520.pdf