Tuesday, August 17, 2010

Can one bring in a lage sum of cash legally from overseas? What are US customs policies on that?

If one can prove that the cash came from a legal source, can he/she bring it in, or should one wire money? Thanks for answers.

Can one bring in a lage sum of cash legally from overseas? What are US customs policies on that?
If you bring more than $10,000 USD in monetary instruments (cash, checks, coins, etc.) into or out of the United States, you have to file a Customs Form 4790.


Failure to do so may result in civil and criminal penalties and/or seizure.
Reply:You have to declare it. But its better to wire it, its much safer this way, you do not have to worry about being mugged.
Reply:you have to declare the cash on the Customs form when you enter. What happens after that, I have no idea.





wiring the funds sure seems easier.
Reply:You can bring over 10,000 without paying tax on it. Otherwise it must be declared and taxes will be assessed.


No comments:

Post a Comment