Jump to content
Natal

Money brought to US

 Share

4 posts in this topic

Recommended Posts

Hello! I am a resident of USA because I won the lottery. I moved here together with my husband in January 2017. We brought about 15000$ cash with us to start. We declared this sum at the US custom. The next day I opened an account and deposited cash with 2 deposits: 10000$ and then 3000 the next day. I didn’t work the whole year. My husband did, so we filed the tax return together. And only now I realized that maybe we should have told them about money that we brought here with us? Should they be taxed? Will I be guilty of structuring money? I am really worried now as I did not do any crime and it i have just read some info that banks report everyone who brings cash $10000 and more. I don’t want to pay taxes for this sum either as it was the money that we earned before we moved here. We didn’t know how long we will have to search for jobs here. 

P. S. US custom didn’t give us any copy of declaration that we filed

Am I in trouble?

Link to comment
Share on other sites

There shouldn't be any tax consequence for this. That said, the customs form you completed clearly stated that you needed to declare anything over $10,000 in cash or other financial instruments that you are carrying with you. It only needed to be reported, but is not taxed.

https://help.cbp.gov/app/answers/detail/a_id/195/kw/declaration more than 10,000 dollars

https://greatlakescustomslaw.com/money-seizures/failure-to-report-cash-to-customs-fincen-105/

 

 

Edit: Whoops...you said you declared it at customs. Ignore the above. You're fine.

Edited by geowrian

Timelines:

ROC:

Spoiler

7/27/20: Sent forms to Dallas lockbox, 7/30/20: Received by USCIS, 8/10 NOA1 electronic notification received, 8/1/ NOA1 hard copy received

AOS:

Spoiler

AOS (I-485 + I-131 + I-765):

9/25/17: sent forms to Chicago, 9/27/17: received by USCIS, 10/4/17: NOA1 electronic notification received, 10/10/17: NOA1 hard copy received. Social Security card being issued in married name (3rd attempt!)

10/14/17: Biometrics appointment notice received, 10/25/17: Biometrics

1/2/18: EAD + AP approved (no website update), 1/5/18: EAD + AP mailed, 1/8/18: EAD + AP approval notice hardcopies received, 1/10/18: EAD + AP received

9/5/18: Interview scheduled notice, 10/17/18: Interview

10/24/18: Green card produced notice, 10/25/18: Formal approval, 10/31/18: Green card received

K-1:

Spoiler

I-129F

12/1/16: sent, 12/14/16: NOA1 hard copy received, 3/10/17: RFE (IMB verification), 3/22/17: RFE response received

3/24/17: Approved! , 3/30/17: NOA2 hard copy received

 

NVC

4/6/2017: Received, 4/12/2017: Sent to Riyadh embassy, 4/16/2017: Case received at Riyadh embassy, 4/21/2017: Request case transfer to Manila, approved 4/24/2017

 

K-1

5/1/2017: Case received by Manila (1 week embassy transfer??? Lucky~)

7/13/2017: Interview: APPROVED!!!

7/19/2017: Visa in hand

8/15/2017: POE

 

Link to comment
Share on other sites

4 minutes ago, Natal said:

Hello! I am a resident of USA because I won the lottery. I moved here together with my husband in January 2017. We brought about 15000$ cash with us to start. We declared this sum at the US custom. The next day I opened an account and deposited cash with 2 deposits: 10000$ and then 3000 the next day. I didn’t work the whole year. My husband did, so we filed the tax return together. And only now I realized that maybe we should have told them about money that we brought here with us? Should they be taxed? Will I be guilty of structuring money? I am really worried now as I did not do any crime and it i have just read some info that banks report everyone who brings cash $10000 and more. I don’t want to pay taxes for this sum either as it was the money that we earned before we moved here. We didn’t know how long we will have to search for jobs here. 

P. S. US custom didn’t give us any copy of declaration that we filed

Am I in trouble?

Honestly I don't see an issue here at all. You deposited the amount applicable under the law so there is no issue. What they are looking for are continued deposits or withdrawls of $8k to over $10k of cash a day or a week. Since you only did it twice then there shouldn't be an issue at all. Structuring is more like what I said of large amounts right at or under $10k every couple days to try to hide it from the IRS.

Link to comment
Share on other sites

 
Didn't find the answer you were looking for? Ask our VJ Immigration Lawyers.

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
- Back to Top -

Important Disclaimer: Please read carefully the Visajourney.com Terms of Service. If you do not agree to the Terms of Service you should not access or view any page (including this page) on VisaJourney.com. Answers and comments provided on Visajourney.com Forums are general information, and are not intended to substitute for informed professional medical, psychiatric, psychological, tax, legal, investment, accounting, or other professional advice. Visajourney.com does not endorse, and expressly disclaims liability for any product, manufacturer, distributor, service or service provider mentioned or any opinion expressed in answers or comments. VisaJourney.com does not condone immigration fraud in any way, shape or manner. VisaJourney.com recommends that if any member or user knows directly of someone involved in fraudulent or illegal activity, that they report such activity directly to the Department of Homeland Security, Immigration and Customs Enforcement. You can contact ICE via email at Immigration.Reply@dhs.gov or you can telephone ICE at 1-866-347-2423. All reported threads/posts containing reference to immigration fraud or illegal activities will be removed from this board. If you feel that you have found inappropriate content, please let us know by contacting us here with a url link to that content. Thank you.
×
×
  • Create New...