Does receiving large amount as deposit into US bank account triggers any issue ?

[duryaodhana]

One of my friend is asking me .. He is going to transfer 15K to my bank account.. 
(That was for sale transaction which I am not involved in the actual transaction).  

If I agree to go with this ? As a third person, do I get into any trouble in future ?

 

[aratipandu]

3 minutes ago, duryaodhana said:

One of my friend is asking me .. He is going to transfer 15K to my bank account.. 
(That was for sale transaction which I am not involved in the actual transaction).  

If I agree to go with this ? As a third person, do I get into any trouble in future ?

 

less than 10k aythe em issues undavv mostly

[Coconut]

It may..take letter from your friend what is the sale about..

[duryaodhana]

It's Properly sale.. Looks like, the Seller / Buyer are trying to avoid tax..
& transact using the Gift Tax Exclusion to third parties & Seller would get the amount later on slowly. 

AI gave this  

For Receiver : While you are free from any income tax obligation, the individual who gave you the money may have a filing requirement. The Internal Revenue Service (IRS) has a gift tax system in place that primarily affects the donor.

• Annual Gift Tax Exclusion: For the tax year 2024, an individual can give up to $18,000 to any number of people without having to file a gift tax return. For 2025, this amount increases to $19,000.

• Filing Requirement for the Donor: If the gift you received exceeds the annual exclusion amount for the year it was given, the donor is generally required to file a gift tax return (Form 709). For example, if you received $20,000 in 2024, the donor would need to report the $2,000 that is over the $18,000 exclusion.

[MyLeakHawla]

9 minutes ago, aratipandu said:

less than 10k aythe em issues undavv mostly

19k per FY

[MyLeakHawla]

19k from same friend account in an year later tax 

[aratipandu]

4 minutes ago, duryaodhana said:

It's Properly sale.. Looks like, the Seller / Buyer are trying to avoid tax..
& transact using the Gift Tax Exclusion to third parties & Seller would get the amount later on slowly. 

AI gave this  

For Receiver : While you are free from any income tax obligation, the individual who gave you the money may have a filing requirement. The Internal Revenue Service (IRS) has a gift tax system in place that primarily affects the donor.

• Annual Gift Tax Exclusion: For the tax year 2024, an individual can give up to $18,000 to any number of people without having to file a gift tax return. For 2025, this amount increases to $19,000.

• Filing Requirement for the Donor: If the gift you received exceeds the annual exclusion amount for the year it was given, the donor is generally required to file a gift tax return (Form 709). For example, if you received $20,000 in 2024, the donor would need to report the $2,000 that is over the $18,000 exclusion.

enduku occhina godava anna....no cheppesey...assale rojulu baaga levu

[duryaodhana]

2 minutes ago, aratipandu said:

enduku occhina godava anna....no cheppesey...assale rojulu baaga levu

Adhe anukuntunna.. 

 

[MyLeakHawla]

4 minutes ago, aratipandu said:

enduku occhina godava anna....no cheppesey...assale rojulu baaga levu

No issue uncle it’s common to gift

[aratipandu]

Just now, MyLeakHawla said:

No issue uncle it’s common to gift

correct ee anna...ilantivi chala chesam past lo kani...ippudu rojulu baalevu, pakkodi kosam manam enduku risk cheyyadam antunna..

[MyLeakHawla]

3 minutes ago, aratipandu said:

correct ee anna...ilantivi chala chesam past lo kani...ippudu rojulu baalevu, pakkodi kosam manam enduku risk cheyyadam antunna..

Okay but a friend akkada

[pakeer_saab]

2 hours ago, duryaodhana said:

One of my friend is asking me .. He is going to transfer 15K to my bank account.. 
(That was for sale transaction which I am not involved in the actual transaction).  

If I agree to go with this ? As a third person, do I get into any trouble in future ?

 

yes, it triggers pativrata act 2001

[DallasKarreBaluu]

3 hours ago, duryaodhana said:

One of my friend is asking me .. He is going to transfer 15K to my bank account.. 
(That was for sale transaction which I am not involved in the actual transaction).  

If I agree to go with this ? As a third person, do I get into any trouble in future ?

 

take 15k cash