<prompt> Human: My grandmother in SA is 87 and wants to give me 1,000,000 rand about 75,000 now as apposed to leaving it in her will. If it was left in the will she would have to pay a to the lawyer as a processing fee. The SA bank told her the most she can send is 1,000,000 rand once a year. How can I maximixe this gift on my end. ei. pay less tax.  <response>: You dont need to pay taxes on it. You may need to report it to the IRS, however as I read their rules this does not apply if the gift is less than 100,000. You must file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, if, during the current tax year, you treat the receipt of money or other property above certain amounts as a foreign gift or bequest. Include on Form 3520:Gifts or bequests valued at more than 100,000 from a nonresident alien individual or foreign estate including foreign persons related to that nonresident alien individual or foreign estate;or 