An uncle of mine passed away and I will receive a small amount of money shortly.
The amount will be considerably less than the $100,000 amount of IRS form 3520 (albeit this is not a gift as such).
As far as I am aware, the US does not impose taxes on a small amount inherited by a US citizen (living in the USA) from a foreign relative (who lived in Ireland and had no connection with the USA).
However, I am not sure of the reporting requirements. I have no issue with any of the reporting, I am just not sure what they are.
The money will be wired directly to my account.
Do I have FBAR/FinCEN reporting requirements? Any others?
Information & suggestions for research appreciated.