Bringin assets to the US

[Waldo 0]

If you are moving to the US would you be taxed on the assets you are bringing back... including money?

[Otto 83]

If you are moving to the US would you be taxed on the assets you are bringing back... including money?

It's possible, yes - could also (depending on the country of origin) be taxed on 'out-going' assets (usually money).

[kaffy 2]

We weren't taxed on the money we brought from Australia with us which we sent via telegraphic transfer from one bank account to another

[geezer 1]

If you are moving to the US would you be taxed on the assets you are bringing back... including money?

You have to declare more than $10,000. You won't need to pay taxes on it but fail to declare it and they find it at the POE it will be confiscated. You will probably get it back eventually but it will take time. Taxes can become an issue if the funds can be viewed as income by the IRS.

Its best not to carry large amounts of cash through POE's, bank transfers are best, although there are reporting conditions imposed on the banks by the US government so you should be aware of that.

If you are talking about a large amount of money do yourself a favor and contact a qualified US professional to advise you, If you are talking about 10k or less just be aware of the POE requirements.

[Troy/Anita 0]

If you are moving to the US would you be taxed on the assets you are bringing back... including money?

confer to a tax attorney on this one, Im a STate Auditor and would like to know the rules my self!!

[kaffy 2]

You have to declare more than $10,000.

That's only if you are bringing it with you in person right?