USA IRS question

[markk88]

I am purchasing a house and Florida and am having my mom transfer the money from Israel ($90,000) from her account. I have to have the money transferred to my personal account because the title company won't take the money from a third party. I will be transferring the money immediately to the title company once I receive it. If I show I am borrowing the money from my mom, will I be taxed from the IRS on the money? Thanks

 

[kirby]

Not income to you so no income tax to you. Depending on your mom's citizenship, may be gift tax on her.