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OverviewAPI
The article delves into the U.S. gift tax implications for foreign individuals gifting money to U.S. persons, highlighting the contrasting tax rules for U.S. citizens and non-U.S. persons. Non-U.S. individuals are taxed solely on tangible U.S.-based assets during gift transfers, whereas U.S. citizens/residents face global asset taxation. Strategies such as utilizing trusts or staying under the annual gifting limit are advised to circumvent gift tax responsibilities.

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