Tax on international windfall gift?The unusual aspect to this question is I am a permanent resident here in the USand the gift of around $50,000 is being offered by my parents who reside in the UK.As far as my search has gotten me, I understand that If they lived in the USalso they would be the ones who have to pay tax on any gift over $12,000(per parent per year), and I as the recipient would not be liable for any tax.Can this be true that uncle sam will let me keep all my gift because it wouldoriginate outside the grasp of the IRS?Would anyone like to offer their wisdom?Tibook
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